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Displaying 2137 contributions
Public Audit Committee
Meeting date: 10 September 2025
Jamie Greene
Okay, but you have no concerns.
Public Audit Committee [Draft]
Meeting date: 10 September 2025
Jamie Greene
I have certainly met the current outgoing chief executive, and I have had an informal conversation with him. I would not describe it as a formal exit interview. We will absolutely comply with best practice within the Scottish Government in that regard. If we need to, we will give further consideration to that.
Al Denholm was appointed soon after I joined, and it was the interim chief executive who was in position when I joined the Scottish Government, so I was not in this current position when the previous chief executive left.
Public Audit Committee
Meeting date: 3 September 2025
Jamie Greene
Right. I guess that I am playing devil’s advocate here. You can perhaps see the rationale for the college saying that, as its maximum liability in the venture is £1, it does not want a figure of £4.7 million to be in any way perceived as a potential liability, should the JV fall, for example.
Public Audit Committee
Meeting date: 3 September 2025
Jamie Greene
Auditor General, in paragraph 16 of your report, you refer to “Two further material misstatements” regarding the 2022-23 accounts, which were subsequently corrected. Do you know what those “misstatements” were and why they were in the accounts in the first place?
Public Audit Committee
Meeting date: 3 September 2025
Jamie Greene
Indeed, and that leads me to my final question. It might seem as if we are making a lot of fuss over a minor technical point about accounting and auditing, but the fact that you have produced a statutory report is itself unusual, which is why we are dedicating a whole hour of our committee meeting to it. Clearly, there are wider implications for other parts of the further and higher education sector where there are also joint ventures. What we are discussing here is a charitable venture, but many are not; I am aware of a number of colleges that are in financial joint ventures or which have created third-party entities with private companies for, say, apprenticeships, investment in new buildings and assets and so on. There are wider implications particularly for the college sector, which, as you acknowledged earlier, is already under incredible financial stress. Are you aware of any other areas where this could come up as an issue? Might it change the auditing practices relating to joint ventures involving colleges or other public bodies?
Public Audit Committee
Meeting date: 3 September 2025
Jamie Greene
What would your advice be to those colleges that are interested in this committee session and might be watching and thinking about their own accounting practices and the repercussions of this case?
Public Audit Committee
Meeting date: 3 September 2025
Jamie Greene
I will ask my main questions later, but this one relates to what Mr MacPherson just said.
I assume that you engaged with the college or the now merged entity ahead of producing the section 22 report. Why is none of the content of the letter that we received yesterday in the report? Is it because the information was not provided to you or because it was provided but you chose not to include it?
Public Audit Committee
Meeting date: 3 September 2025
Jamie Greene
It feels as though the letter is the body’s right to reply to what you have said. Is that your impression?
Public Audit Committee
Meeting date: 3 September 2025
Jamie Greene
That is helpful. Thank you.
Public Audit Committee
Meeting date: 3 September 2025
Jamie Greene
Shortly after the accounts were produced, the college merged with a bigger entity. What material difference would it have made had the £4.7 million been recognised rather than the £1? Would it have had any effect on its being able to merge or on the negotiations on the merger, or would such a consideration have been immaterial?