Waterford Area Partnership (WAP) has been given two months to sort out issues affecting the organisation.
A report delivered to WAP on December 23rd, which came to light this week, said the body was "at risk of collapse" and was "not viable" due to mounting issues at the organisation.
The company is the subject of "major investigations" according to the audit, which was commissioned by the Department of Rural and Community Development, including one by gardaí into its financial transactions. The Charities Regulator and Revenue are also investigating the Partnership, which delivers programmes aimed at alleviating deprivation in Waterford city.
Those programmes, which include Local Employment Services and jobs initiatives were at risk this week as contracts to continue the delivery needed to be signed by Friday.
The new Chair of Waterford Area Partnership has confirmed that the employment and jobs programmes delivered by the body will go ahead as planned for the moment.
Una Dunphy said contracts were signed yesterday, following a meeting with Waterford Council, to continue the delivery of some services safeguarding 15 jobs.
Una Dunphy said there are a lot of issues to deal with but the signing of contracts was a positive step:
"One obstacle has been just moved out of our path, there are many many other ones which we are going to deal with, but further to a meeting with the council yesterday, we have now secured two months to deal with other obstacles. It's going to be a workload but we are determined and we have brave members of the board now who are going to help to get this done."
