Dáil Éireann Debate, Tuesday - 21 June 2011
268 Deputy Noel Coonan asked the Minister for the Environment, Community and Local Government if the Statutory Audits of Annual Accounts and Consolidated Accounts Directive 2006, which covers quality assurance auditing for local authorities, has been implemented; if not, the reason for the delay; and if he will make a statement on the matter. [16547/11]
Amharc ar fhreagraThe European Communities (Statutory Audits) Regulations which were published in 2010 are to be read as one with the Companies Act, and relate specifically to the statutory audit of individual or group accounts, insofar as required by Community Law.
The audit of the accounts of all local authorities is carried out by the Local Government Audit Service, under the Local Government Act, 2001. While the above-mentioned Regulations are not directly applicable to the audit of local authority accounts, these audits are however carried out in accordance with a statutory Code of Audit Practice provided for under section 117 of the Local Government Act, thereby fostering the highest standards of financial stewardship, governance and public accountability.
