Tuesday, 9 July 2019

Ceisteanna (321)

John McGuinness

Ceist:

321. Deputy John McGuinness asked the Minister for Business, Enterprise and Innovation the consultancy work companies (details supplied) carried out for the ODCE and the IAASA since October 2008. [29433/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Business)

Section 949(3) of the Companies Act 2014 provides that the Director of Corporate Enforcement shall be independent in the performance of his statutory functions.

I, as Minister for Business, Enterprise and Innovation have no direct function in such matters.

The ODCE’s yearly spend on consultancy work is set out in its Annual Reports.

Consultancy work by the bodies referred to by the Deputy since 2008 for the ODCE is outlined in the following table:

Year

Name of external Consultant/Company

Details of consultancy service

Amount received by company

2019

n/a

-

-

2018

n/a

-

-

2017

n/a

-

-

2016

Deloitte

Forensic Accountancy related to casework

€8,260.68

2015

Deloitte

Forensic Accountancy related to casework

€23,249.46

2014

n/a

-

-

2013

n/a

-

-

2012

PwC

Forensic Accountancy related to casework

€40,646.58

2011

n/a

-

-

2010

n/a

-

-

2009

PwC

Forensic Accountancy related to casework

€73,641.83

2008

PwC

Forensic Accountancy related to casework

€64,433.00

The Irish Auditing and Accounting Supervisory Authority (IAASA) is independent in the exercise of its statutory functions and details of its activities can be found in the Authority’s Annual Reports which are published on its website: www.iaasa.ie/Publications/General.

IAASA complies with the Code of Practice for the Governance of State Bodies (‘the Code’), as published by the Department of Public Expenditure and Reform in August 2016. As required by the Code, IAASA provides an analysis of consultancy expenditure as part of the Authority’s Annual Financial Statements.

Information in respect of IAASA is available from 1 January 2013. Since that date, IAASA has not received any consultancy services from KPMG, EY or PwC.

Following a public tender in 2009, Deloitte was added to a Panel of statutory financial reporting experts. Members of this Panel assist IAASA’s Financial Reporting Supervision Unit in its reviews of issuers’ financial statements under Article 24(4)(h) of the EU Transparency Directive. Deloitte carried out one such engagement throughout its period on the Panel, being a review of a listed issuer in 2013, at a fixed cost of €9,840.