Results 9,441-9,460 of 26,610 for speaker:David Cullinane
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: With respect, that is not clear from what the witness said this morning and it is not clear from what he said on the last occasion.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: That is their problem.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: May I ask another question for the purpose of clarity?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It is an important point.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: I wish to deal with one quick point to bookend this conversation.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It is a quick question for Mr. Collins. Was it a condition of purchasing the brand name that UCC would purchase the property? When UCC purchased the brand name was that conditional on UCC purchasing the site?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: Mr. Farrell understands what I am saying. I am putting the question to Mr. Collins because we were told that the site was separate. Mr. Collins said that UCC bought the company for nothing and then he said that it paid €20 million to buy the property which was used to offset the liability. Was that a condition of buying the company?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It was a condition.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It either was or was not a condition. If UCC did not buy the asset, would IMI have allowed UCC to buy the company?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: However, the witness does not know that.
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: Who carried out the independent report?
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: Who paid KPMG?
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: How much did it pay KPMG?
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: It was put to the witness that the review was carried out independently. In reality, it was carried out by an organisation whose services were procured and paid for by CIT. To whom did KPMG then report? When the report was completed, to whom was it given?
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: Which audit committee?
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: Is the witness satisfied that was an independent process?
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: One of the issues that we examined in the context of all the institutes of technology is the same names coming up over and over again, such as Deloitte, KPMG, Ernst and Young, Arthur Cox and many more. All these organisations were well paid to do work for the institutes. I want a ten-year look-back, broken down by year, institute and what work each organisation did for the institutes and...
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: There is an outsourcing of oversight by the HEA to KPMG, Deloitte, Ernst and Young and so on. Why does the HEA not have the in-house capacity and experience to do that work itself? Why is further money being spent on these organisations? The institutes are hiring and paying them over and over again. That the organisations benefit from being hired by the institutes must have some impact on...
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: Is Dr. Love aware of the methodology that was used by KPMG to carry out the examination in this institute?
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: That is my point. Dr. Love is not even aware of the methodology that they used.