“Colleges and universities will face significantly increased financial penalties from this autumn if they fail to produce audited accounts, ignore salary rules, or breach strict spin-off company laws. Education Minister Richard Bruton also announced greater inspection powers just a week after the Public Accounts Committee report revealed serious concerns over how the facilities are spending €1.5bn in taxpayers’ money every year …” (more)
[Fiachra Ó Cionnaith, Irish Examiner, 18 July]