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All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 3697 contributions
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
Is the audit taking longer this year because of the problems?
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
That is appreciated.
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
I was going to ask whether any of you were there at that time. I presume that the auditors do not come out with a statement like that out of the blue. They will have discussed it with you or your predecessors. I presume that, in December 2023, you were convinced that it was a going concern.
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
Thank you. The accounts talk about the committees, including a finance and policy committee and an audit and risk committee. I assume that there are similar committees now. Could they have been very thorough in their questioning, if what happened was such a surprise last autumn?
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
Could you expand on that a little bit? Were you actually given false accounts, or was it more that the commentary was misleading?
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
Okay. I saw one amount in particular—a spin-out of £40 million, which was being held separately. Is that correct? It was included in the £74 million, but it was going to be used for strategic investment. Has that £40 million been used, or is it still there?
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
Good morning. I was having a look at your latest financial statements, which I think are the July 2023 ones. Am I right in saying that the July 2024 ones have not yet been published?
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
Is the auditor still Ernst & Young?
Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
I will pick out a few points out of the previous accounts that we have. The first is the auditor’s opinion that the university was still a going concern in July 2023—in fact, it presumably thought that it was still a concern in December, because it did not sign the accounts until then. It said:
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and institution’s ability to continue as a going concern for the period to 31 July 2025”.
I presume that you and the auditors were happy with that statement. At December 2023, there were absolutely no worries about the university being a going concern. Is that correct?
09:30Education, Children and Young People Committee
Meeting date: 19 March 2025
John Mason
I do not mind who answers.