Third level institutions, such as the College referred to by the Deputy, are autonomous institutions and my Department does not have any function in their day to day operational affairs, for which the Governing Bodies and the management staff of the institutions are responsible.
As the Deputy will be aware accountability and governance issues in relation to the College were identified by the Comptroller & Auditor General (C&AG) in their Special Report on the College. Issues raised included ongoing delays in the preparation of financial statements. In light of this report, the College is currently working on implementing a number of changes and improvements in its systems and processes in order to address the issues identified, and I understand that work by the College in preparing the financial statements for review by the C&AG is ongoing and expected to be completed by summer 2015.
The process of addressing the issues in the College is being continually kept under review by the Higher Education Authority who are keeping my Department informed of developments.