Friday 15 December 2017

Fas four months late in producing annual report


FAS, the deeply damaged State employment agency, is already four months late in producing its 2009 annual report and accounts.

The State body with the billion euro budget was due to publish its annual report in June but has been unable to complete the procedure.

Last night a spokesman for Fas admitted that they were behind the statutory date pleading that "the English version is being translated into Irish. We are expecting the financial statements on Monday when it will be worked on by designers".

The spokesman admitted part of the delay was because the figures had "come under further scrutiny because of the issues of recent years". There had been "a slight delay in the Comptroller and Auditor General's office and we have a new board".

The news that Fas has once again failed to deliver on time to the taxpayer comes in the week that Tanaiste Mary Coughlan announced that Fas is to be replaced with a new agency. She promised that in the new year she intended to launch a "renewed and freshly mandated training agency". The Tanaiste failed to give any detail, but her decision comes two years after the Sunday Independent revealed vast extravagance at Fas, leading to the resignation of chief executive Rody Molloy.

Last night Fine Gael TD Leo Varadkar, a long-time Fas critic, said: "The failure of Fas to file accounts in time shows that after two years of scandal -- from a corporate governance point of view -- things haven't been fixed yet."

Sunday Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business