Shane Ross (Dublin Rathdown, Independent) | Oireachtas source

Oversight is mostly carried out through Sport Ireland which is the funding vehicle. The OCI supplies Sport Ireland with audited accounts annually. The OCI provides AGM minute notes annually. It provides a mid-year report on activities. It provides a mid-year update on programme costs. It provides a tax clearance certificate for Sport Ireland.

It provides an operational agreement which was in place with the OCI for the period 2013 to 2016 and which was signed by Mr. John Treacy on 8 January 2014 and by Mr. Pat Hickey on 27 January 2014. In 2016, there were technical meetings involving Sport Ireland, Sport Northern Ireland, the Sport Ireland Institute and the OCI. There were two meetings in 2016 and three in 2015. There was a continual kind of trail as Sport Ireland monitored what was going on at that time. The annual accounts were audited by Mazars. The 2014 accounts were received, I think, in September 2015. There is a very routine procedure in place. However, it is fair to say that in the future it is going to have to be monitored even more tightly. I suspect the reform in this regard is not so much in the monitoring of the accounts but in the monitoring of the corporate governance. That is where the flaw is and that is where we are going to reform it.