Results 7,561-7,580 of 14,090 for speaker:Marc MacSharry
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: That is all right.
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Is that the back of it?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: I am interested in this matter because I have received a lot of correspondence on this matter. I want to make sure that we cover all of the areas that we have to and we do so appropriately because the individual in question does have very serious concerns. I know we passed it to the HEA but we need to be happy as a committee that the HEA is doing what we would like it to do. What did it say...
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: It is probably the same as I am getting.
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Could I have a look at that?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: I see a reference to deferred pension. Will Mr. McCarthy explain that to me?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: So it is smoke and mirrors.
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: It is a bit like the Government numbers the IOUs, it is as good as cash. The Exchequer will give it to us, provided it has money.
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Would it be normal to have a clear audited opinion based on that?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: By the State?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Is that permitted under law or is it just the practice?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Is FRS 102 specific to State bodies?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: If I have a private company and I identify my pension liability, can I put it in my accounts under this standard as a deferred pension, based on notional profitability?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: How does one do it in the private sector?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: That is what I was asking. I asked if there is one rule for State entities and a different rule for private entities to which Mr. McCarthy replied "no".
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Does that mean it does not come up for them, even if there is a hole in the pension fund?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Chairman, I have two more questions, and I promise I will finish then. The Comptroller and Auditor General has given the University of Limerick a clear audited opinion, but obviously Deputy Cullinane and others have serious concerns about Limerick. Was this an exceptional year, where everything was tickety-boo?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Are we going to have meetings about that? Okay.
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: I see here that the health and social care professional council promotes standards of professional education, training, competence and so on. It is a clear audit opinion, but it states, attention is drawn to the non-recognition of pension costs and liabilities.
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Marc MacSharry: Can the Ministers of various Departments do that?