Results 20,321-20,340 of 34,729 for speaker:Seán Fleming
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: How much interest and penalties were there?
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: Of what?
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: How much was interest and how much was penalties?
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: Were there any penalties?
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: There were no penalties because it was a voluntary disclosure.
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: Was that published?
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: Even though it was more than €10,000, because it was a voluntary disclosure, it was not required to be published.
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: Tax was certainly due but the onus-----
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: It certainly was taxable.
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: It should have deducted the tax at source like every employer does. That is what should have happened.
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: A detailed note.
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: Professor Barry addressed the foundation. I will ask the Comptroller and Auditor General to speak on this. The university seems to have agreed that because it does not control the University of Limerick Foundation, there is no requirement under accounting standards to consolidate it. The professor has accepted that and both sides accept that is the position. The Comptroller and Auditor...
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: The accounts are published. The university might not be required to consolidate but is it allowed to consolidate something without being required or would it be wrong to include them? Does the Comptroller and Auditor General accept that there is not a requirement-----
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: Given that the reference to the foundation is in the small print in the Comptroller and Auditor General's report, one could easily go through the accounts and miss that reference. Would the university consider giving some summary of that foundation's figures by way of an appendix to, or a memorandum with the financial statements notwithstanding it would not be a consolidated account? In...
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: That is good because it would be helpful if it could be done by way of an appendix or some other way. Are there any guarantees from the University of Limerick to the foundation? There may be no borrowings in the university's case. We did encounter guarantees given in another third level institution where the debt ultimately fell back on the college. Has the University of Limerick given...
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: I ask because another institution had given letters of comfort but that is not the case for the University of Limerick.
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: It is happy to confirm that.
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: I presume that was in line with public sector guidelines.
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: We have completed our consideration of the University of Limerick's financial statement 2014-2015. Does the committee agree to dispose of those accounts for our purposes?
- Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)
Seán Fleming: That is fine. On behalf of the Committee of Public Accounts, I thank all our witnesses from the University of Limerick, the Department of Education and Skills and the Higher Education Authority for their attendance. I also thank the Comptroller and Auditor General and his staff for being here today. The next meeting of this committee will be at 9 a.m. next Thursday. We will hear in the...