Seanad debates

Monday, 22 December 2014

Water Services Bill 2014: Committee Stage (Resumed)

 

4:40 pm

Photo of Feargal QuinnFeargal Quinn (Independent) | Oireachtas source

I support the amendment. When I became a Senator 21 years ago, I found that every State company was taking much too long to publish its accounts. Irish Water's audited accounts should be published by a specified date each year. Many years ago, I started to table amendments specifying a date by which new State and semi-State companies should publish their accounts. I used to propose publication within a timeframe of six months after the end of the financial year. However, I subsequently reduced the period to three months. Within a year or two, every company that was being established was required to publish its accounts within three or six months after the end of the financial year. Not only should Irish Water's audited accounts be published, but they should be published within three months of the end of the financial year and approved by the Comptroller and Auditor General.

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