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Press Release - Report on Political Parties' Statements of Accounts 2016

The Standards in Public Office Commission (the Standards Commission) has today published its second annual report of statements of accounts provided to it by political parties registered in Ireland. 

The Electoral Act 1997, as amended by the Electoral (Amendment) (Political Funding) Act 2012, requires all registered political parties to submit audited statements of accounts to the Standards Commission by 30 June following the end of the calendar year to which the accounts relate. This is the second year that political parties have been required to furnish audited statements of accounts to the Commission.

The report contains an overview of the Act's obligations, and provides information on the compliance status of all parties subject to the Act. 

Following a consultative process with political parties and the Department of Housing, Planning and Local Government, the Guidelines were updated and revised in July 2017 to reflect practical experience administering the Act.

As mentioned previously in the 2015 report the Standards Commission remains of the view to exempt smaller parties, especially those that receive no funding from the Exchequer under either the electoral or party activities allowance legislation, from the requirement to furnish audited statements of accounts to the Standards Commission. The Standards Commission agrees that the requirement to furnish statements should remain, but that it is unnecessary in these circumstances for the statements to be audited. 

In accordance with the requirements of the Act, a copy of this report will be furnished to the Chairman of Dáil Éireann and to the Minister for Public Expenditure and Reform. 
The Standards Commission report on Political Parties' Statements of Accounts 2016 is available at: http://www.sipo.ie/en/Reports/Political-Parties-Statements-of-Accounts/2016-Political-Parties-Statements-of-Accounts/

Background
The Standards in Public Office Commission is an independent body responsible for overseeing the Ethics in Public Office Acts, the Regulation of Lobbying Act and the Electoral Act 1997 (as amended). The Standards Commission was created by the 2001 Standards in Public Office Act.

Standards in Public Office Commission
18 Lower Leeson Street
Dublin 2
D02 HE97

Press Officer: Rebecca Coyle
Telephone: 01 - 6395721
E-mail: rebecca.coyle@sipo.ie
Website: www.sipo.ie
Twitter: @SIPOCIreland