Michael McGrath (Cork South Central, Fianna Fail)
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62. To ask the Minister for Jobs, Enterprise and Innovation the staffing levels at the Irish Auditing and Accounting Supervisory Authority; if she is satisfied with the levels of staffing; if the authority is in a position to fulfil its functions effectively with existing resources; and if she will make a statement on the matter. [49815/17]

Frances Fitzgerald (Dublin Mid West, Fine Gael)
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The Irish Auditing and Accounting Supervisory Authority (IAASA) currently has an approved staff complement of 43.  At present, 24 staff are in place, with recruitment of additional staff underway and plans to commence a further recruitment campaign.  Through these recruitment campaigns, the Authority is working towards having a full staff complement in situ at the earliest opportunity.

The Authority, in common with many other State organisations, faces significant challenges in the recruitment of high quality professional staff to deliver on its remit of supervising and promoting high quality financial reporting, auditing and effective regulation of the accounting profession.

IAASA has the necessary budget to meet all costs associated with the functions conferred on the Authority.