Dr. Tom Daly:

The total invoice to date for BDO's work is €65,000. That cost is across a range of measures, some of which were recommendations of the KOSI audit report to bring good governance to the organisation. Some are in respect of the investigation into the EvoPro Racing affair. The funding includes Union Cycliste Internationale, UCI, registration matters and various measures relating to the successful implementation of the KOSI audit findings. We will also be working on a protected disclosures portal, various details relating to the Sport Northern Ireland grant funding response and third-party auditing of future applications for a set period, as recommended in the KOSI report.

I assure the Deputy that we feel these costs are justified in terms of ensuring good governance and, most importantly, in terms of transparency. We want to move forward but we need the background knowledge of what the issues were, what needs to be addressed and what measures must be taken. In a sense, I view these costs as almost an investment in the future of the organisation. We need these reports and these measures as foundations or building blocks for that purpose.