Oireachtas Joint and Select Committees
Wednesday, 29 November 2023
Joint Oireachtas Committee on Agriculture, Food and the Marine
Governance Issues: Irish Horseracing Regulatory Board (Resumed)
Mr. Darragh O'Loughlin:
I would never say everything is resolved. When we were in before the committee for the short meeting in July, I outlined that an issue had arisen which required us to conduct a review. Our board commissioned Mazars to carry out a review of our financial governance and financial records. We have provided six years' worth of financial records, banking transactions, and so on, and also relevant personnel records to Mazars. It has gone through hundreds if not thousands of documents. We have not yet got the report. It is only when we get the report back from Mazars that it will have set out its findings and whatever recommendations it is making. It is only at that stage that I will be able to come in and say that we believe this issue has been sorted out, as the Deputy put it. We are not quite there.