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Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: Was this brought to the attention of the executive committee?

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: Was it brought to the attention of the governing authority?

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: No. I thank Professor Kilcommins.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: Deputy, be careful with language please.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: Untruth.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: We have established that.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: Not that I am aware of.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: I will take one more member before we go for a break but I would remind members not to use language that is outside the-----

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: I take on board your point relating to the variations and untruths. It is correct that there is a mismatch there and that is clear. That is clear from the previous discussion on it. Deputy Kelly is next.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: I am going to suspend the meeting for a short break.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: There are people who have been here for three hours.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: I want to break.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: I do not think we will be finished in 15 minutes but we will stay going and try to finish by 12.30 p.m. Is that all right?

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: Just be mindful there are staff here since before 9 a.m.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: We have to be mindful of that. To revert back to Rhebogue, the independent valuations confirming the oversight appeared after the event. They were not sought by the governing authority before it approved the purchase. Is that correct?

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: They were a long way off market value, as a cursory glance at the Internet would show. Professor Kilcommins's opening statement outlined the damage to the university's reputation, etc. Has it impacted on the reputation and fundraising of the university? Would Professor Kilcommins like to comment briefly on that?

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: Did it affect the important work of research?

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: No, what I am saying is-----

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: The loss of funding, yes. That is the impact. Of course the university would not be appearing before the committee for academic reasons.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Brian Stanley: We are talking about the finance.

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