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State Bodies

Dáil Éireann Debate, Thursday - 7 July 2022

Thursday, 7 July 2022

Questions (161)

Louise O'Reilly

Question:

161. Deputy Louise O'Reilly asked the Tánaiste and Minister for Enterprise, Trade and Employment the estimated cost of increasing the funding to the Irish Auditing and Accounting Supervisory Authority by10%, 15%, 20% and 25% in tabular form. [36857/22]

View answer

Written answers

IAASA’s allocation for 2022 from Vote 32, under subhead C.12, was €1.679 million. The table below sets out the estimated costings of increasing funding to IAASA by 10%, 15%, 20% and 25% respectively.

REV Allocation 2022

(€,000)

10% Increase

(€,000)

15% Increase

(€,000)

20% Increase

(€,000)

25% Increase

(€,000)

Irish Auditing and Accounting Supervisory Authority C12

1,679

1,847

1,931

2,015

2,099

It should be noted that, as provided for by its founding legislation, IAASA is partially funded by the prescribed accountancy bodies, by way of a mandatory annual levy.

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