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Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: They will just note and publish it.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: That is up to the Minister, but we will deal with it as soon as it is published. The next item is No. 242C, correspondence received from the chairman, supposedly, of the public accounts committee in Bangladesh asking for permission to visit the committee. The clerk has suggested further work needs to be done to check the veracity and authenticity of the request. We often receive such...

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: We will note the correspondence. It is agreed that the clerk will put the matter before the committee at a future date if he is satisfied that the correspondence is bona fide.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: Absolutely. We all know the story - "Send your bank account details and we will send you the money." Item No. 243C is correspondence received from an individual which follows previous correspondence on Caranua and refers to the matters raised by the Comptroller and Auditor General. It is separate correspondence which we will include in the conversation we just had. We will note it. ...

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: It is very complicated. Without getting into the details, Mr. Lane thinks that because the ECB was providing credit for the banks, they did not fully own the assets transferred to NAMA. However, I agree with the Deputy. When I saw the reply, I submitted a parliamentary question to the Minister of Finance for a written answer on Tuesday to tease out the role of the Central Bank in...

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: The NAMA project.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: We will write back. I was extremely disappointed with the response from the Governor of the Central Bank, which is why I followed it up directly with the Minister by way of parliamentary question. I am actually not happy with the reply I received from the Minister either. That letter from the Governor was a brush-off and we will not take it. That is all I will say. As such, we will ask...

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: Absolutely. That is agreed. The replies I get to parliamentary questions on this issue can also be placed on the record and form part of this correspondence. The next item is No. 251C (i) to (iv), received by Deputy Catherine Murphy from an accounting firm with concerns about the impact on the SME sector of the change in the method of calculating interest rates by banks. Does the Deputy...

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: Would it be more appropriate to the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach? It relates to interest rates. The Deputy gave us the example of a letter from the Bank of Ireland to a customer. Does she want to comment?

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: It is really a matter for the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach. It is about the interest rates charged to customers by banks.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: We will forward it because we received it. We will formally forward it to the committee on the Deputy's behalf.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: The next item is No. 252C, correspondence from an individual following up earlier correspondence regarding salmon stocks. This has been sent to the relevant Department and the EPA and we await a response. We will update the individual concerned when we get it. We note that. No. 253C is correspondence from an anonymous source in respect of the returns to Cerberus on its purchase of...

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: It would be helpful both for him and for ourselves. We are getting bits here and there every week. Is the 2015 audit cycle complete?

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: It is 95% there.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: A lot of third-level institutions are mentioned. I ask the Comptroller to pick the categories under which he thinks it would be helpful to summarise them.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: It is higher here than anywhere else, yes.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: It is probably a matter for the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach in the context of procurement because of where the rules come from. However, the Deputy is correct. It is remarkable. Ours is an island nation but we actually give more Government contracts outside Ireland than the continental countries which have companies operating right around. It...

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: Getting a full and systematic sweep of the 300 or so organisations' audits and the problems arising broken down by category, including procurement specifically, would be a very useful exercise for the committee.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: Sometimes there is a clear audit, but the Comptroller still draws attention to a technical difference.

Public Accounts Committee: Business of Committee (19 Jan 2017)

Seán Fleming: Every body which did not get a clear audit or in respect of which the Comptroller drew attention to something will be included.

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