Oireachtas Joint and Select Committees
Wednesday, 18 December 2019
Joint Oireachtas Committee on Transport, Tourism and Sport
Governance and Funding of Football Association of Ireland: Discussion
Mr. Colm McGinty:
It is part of the mid-year review process. A review of the annual financial statements presented is carried out by the director of finance every year. This does not relate only to the FAI's accounts but to those of every organisation we fund. Over the years, Sport Ireland raised several queries about the FAI's accounts. We reported to the committee on queries raised about the 2017 financial accounts and the position with regard to net current liabilities and solvency. The FAI provided a response, which has been provided to members of the committee. That is just an example. Queries were raised about the FAI's financial statements every single year, as is the case for every set of accounts presented to us.