I am advised by NAMA that it adopts a two-pronged approach to ensuring appropriate, accurate and timely financial reporting by debtors. Firstly, NAMA is imposing a financial reporting rigour on debtors to ensure that management information relating to each debtor’s business is delivered to NAMA. In particular, debtors are subject to on-going reporting requirements in respect of the achievement of agreed milestones and debt repayment targets and current financial metrics such as rental receipts. Debtors are also required to provide future cash flow forecasts and other specific information requirements identified by NAMA case managers. Secondly, to provide additional assurance on the information received and to enhance control over cash flows, particularly rental income, NAMA also requires the appointment of independent monitors, including financial monitors, property management service providers and project managers, whose remit is to ensure that financial information provided by debtors is consistent with the underlying books and records. These external service providers evaluate and report to NAMA on the completeness and accuracy of information presented by debtors in relation to both historical and future financial and property management activity and milestones which have been agreed with NAMA. As the Deputy is aware, these milestones were agreed as part of the debtor’s commitment to repay the amounts due to NAMA and in turn the taxpayer.