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Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: It was June 2023.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: In this context, then, who instigated the Mazars report?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Who set the terms of reference for Mazars?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: The board did not go to an external body to set the terms of reference. In effect, the IHRB set the terms of reference to investigate itself.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Even when there has been, as Mr. O'Loughlin put it, a correction of an error of €350,000 going from one account to the other and back.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: When was a draft report received?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: When did Mazars begin its review?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Did Mazars give any timeframe for completion?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: I should rephrase my question. Was Mazars asked for a speedy report?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Who is assisting with this undertaking? Who is providing this information?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Mr. O'Loughlin, though, was not there six years ago.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: The review being undertaken by Mazars has gone back six years. How long has the CFO been on voluntary leave?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: What does "voluntary leave" mean?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: He took the leave himself.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: This question was asked earlier but I missed it with my hearing. Is he being paid?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: That is all I want to say on the issue. I am conscious of the time. Turning to Mr. O'Loughlin, he said that the JEF is a charity.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: He is on voluntary leave, is not suspended, is being paid and has been on leave for almost a year.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Why has he not been suspended or replaced at this stage? Is it just the case that he can stay on voluntary leave forever? How much has he been paid in the 12 months since he took voluntary leave?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Now, listen. That is not going to wash. How much has he been paid? The figure is going to appear in next year's accounts, so will Mr. O'Loughlin please just give me the figure and not embarrass himself?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Mr. O'Loughlin is under privilege here.

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