Consultants paid €61,500 to review €3.6bn error

Consultants Deloitte are being paid €61,500 to carry out a review into the €3.6bn accounting error recorded at the Department of Finance.

Michael Noonan, the finance minister, has confirmed that Deloitte’s work is well under way and he understands that the consultants are likely to complete the process this week.

In a written Dáil response to Sinn Féin TD Mary Lou McDonald, Mr Noonan also said that an internal departmental report is nearing completion “following its circulation to relevant parties involved, who were given sufficient time to provide their final comments on it.”