Written answers

Wednesday, 26 May 2010

Department of Agriculture and Food

Irish National Stud

10:30 am

Photo of Jim O'KeeffeJim O'Keeffe (Cork South West, Fine Gael)
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Question 78: To ask the Minister for Agriculture, Fisheries and Food his views on whether there is a strong case for amending the law to bring the Irish National Stud under the remit of the Comptroller and Auditor General and of the Committee of Public Accounts in order for its accounts to be monitored fully, scrutinised and queried when appropriate; and if he will make a statement on the matter [21957/10]

Photo of Brendan SmithBrendan Smith (Cavan-Monaghan, Fianna Fail)
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The Irish National Stud Company Ltd is a commercial company formed under the Companies Act and is limited by shares. The appointment of the auditor is a function of the Board of the Irish National Stud. The Comptroller and Auditor General did audit the Irish National Stud prior to 2003. But following a review by the C & AG it was considered more appropriate having regard to the requirements of company law that the INS be audited by a private auditing firm. This has been the case since then.

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