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Seòmar agus comataidhean

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 6 July 2025
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Displaying 2569 contributions

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Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

Other than the immediate relationship between the college and that particular vehicle, would you not have a locus to look into the health or otherwise of the subsidiary, assuming that the majority of the directors are not from the college?

Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

Clearly, that does not always happen.

Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

Okay. The report also states:

“College staff were aware of the absence of a contract and appropriate approvals from the early stages of the project in 2020”.

Other than the fact that the non-compliant expenditure was not timeously reported to the college’s finance committee, were proper procedures followed?

Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

Before Mark MacPherson comes in, can I also ask whether anything in college minutes or records indicates that the matter was even considered?

10:30  

Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

I will move on to my final question, which relates to the non-compliant spend. Everybody was aware that no contracts were in place. Who authorised the expenditure, and who should have agreed and put in place those contracts?

Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

I presume that the college was aware that it was breaching the financial memorandum. Did that not ring any alarm bells? The amounts of money and the transactions are not insignificant. Why did audit not pick that up previously, given the length of time that had passed?

Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

Were those meetings minuted?

Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

Do we have sight of that?

Public Audit Committee [Draft]

Section 22 Report: “The 2022/23 audit of Forth Valley College”

Meeting date: 4 June 2025

Colin Beattie

Okay. I will leave it at that.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 28 May 2025

Colin Beattie

I will begin with a simple question about paragraph 35, which says:

“The Bank’s ambitions extend to taking on a more active role in the private investment market.”

You write about “engagement” and “advice”, which I presume means giving advice, and about “investment arrangement activity” and “management of third-party capital”. Fairly wide-ranging skills are necessary to be able to do that. I have worked in investment banking and each of those areas is highly specialised. How will the bank bring together all the expertise to be able to support that ambition and how will that be balanced with its key role, as agreed with the Scottish Government?