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Public Accounts Committee: 2017 Financial Statements of the Local Government Fund
2017 Financial Statements of the National Training Fund
2017 Financial Statements of the Economic and Social Research Institute
2017 Financial Statements of the Abbey Theatre
(23 May 2018)

Seán Fleming: I and the committee took the view it is a matter of good corporate governance. If there was never a statutory date, just because there is no statutory obligation to do something is not a reason for not doing it. Good corporate governance should dictate that the accounts would be submitted in a timely manner. That is all we are trying to achieve here. There might not be a statutory backup...

Public Accounts Committee: 2017 Financial Statements of the Local Government Fund
2017 Financial Statements of the National Training Fund
2017 Financial Statements of the Economic and Social Research Institute
2017 Financial Statements of the Abbey Theatre
(23 May 2018)

Seán Fleming: We will follow that up. Deputies Farrell and Connolly have indicated.

Public Accounts Committee: 2017 Financial Statements of the Local Government Fund
2017 Financial Statements of the National Training Fund
2017 Financial Statements of the Economic and Social Research Institute
2017 Financial Statements of the Abbey Theatre
(23 May 2018)

Seán Fleming: Not having a share capital, to be exact.

Public Accounts Committee: 2017 Financial Statements of the Local Government Fund
2017 Financial Statements of the National Training Fund
2017 Financial Statements of the Economic and Social Research Institute
2017 Financial Statements of the Abbey Theatre
(23 May 2018)

Seán Fleming: That also applies to the local authorities.

Public Accounts Committee: 2017 Financial Statements of the Local Government Fund
2017 Financial Statements of the National Training Fund
2017 Financial Statements of the Economic and Social Research Institute
2017 Financial Statements of the Abbey Theatre
(23 May 2018)

Seán Fleming: We will conclude the meeting at this stage. I thank all the witnesses for being here today. We have had a good outcome to this meeting, and long may it continue. Public bodies should take note of what has been said here today. Part of good corporate governance of every public body is the submission of financial statements in a timely manner, which is the responsibility of the Accounting...

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: We are joined today by the Comptroller and Auditor General, Mr. Seamus McCarthy, and Mr. Shane Carton, deputy director of audit. Apologies have been received from Deputies O'Connell and Catherine Murphy. We will deal with the business of the committee in the afternoon as we want to deal with the Higher Education Authority, University College Cork and Cork Institute of Technology this...

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: I thank the Comptroller and Auditor General. I invite Dr. Love, chief executive of the HEA, to make his opening statement.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: We will take the opening statements of Professor Patrick O'Shea and Dr. Barry O'Connor as read. We had a late start and I understand they have commitments in the afternoon. They can refer to them, if they so wish during the session. All of the opening statements will be published, with the letter we received from Professor O'Shea on 9 May 2018.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: You will get a second chance afterwards, guaranteed.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: Deputy Kelly has 15 minutes.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: Has CIT not got a copy of that?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: Can we get that? Is there anybody here who can supply that?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: Has CIT submitted a document?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: I thought that Dr. Love said he had the answer and now Dr. O'Connor is saying something else.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: It is not the final word?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: Can we ask the Comptroller and Auditor General?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: Can someone here make a phone call back to CIT and ask for it to be emailed to the committee secretariat? What is the most convenient way to do this before lunchtime?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: It is in CIT's interest to try to conclude this matter here today in public session. That is all I would say.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: If we go away with it-----

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Seán Fleming: It is in CIT's interest not to leave it hanging.

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