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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 4 May 2021
  6. Current session: 13 May 2021 to 2 February 2026
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Displaying 1955 contributions

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Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Jamie Greene

Will it increase the risk to the public purse? If, for example, a publicly owned vehicle that takes money from external sources made an investment that went bust and led to considerable losses, what exposure would the public purse have to that?

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Jamie Greene

In the real world, if I had a business unit that was losing millions of pounds, I would not be getting a bonus.

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Jamie Greene

Okay, but you have no concerns.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

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

“The 2022/23 audit of Lews Castle College”

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

“The 2022/23 audit of Lews Castle College”

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

“The 2022/23 audit of Lews Castle College”

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

“The 2022/23 audit of Lews Castle College”

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

“The 2022/23 audit of Lews Castle College”

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

“The 2022/23 audit of Lews Castle College”

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?