Paul Murphy
Question:1188. Deputy Paul Murphy asked the Minister for Agriculture, Food and the Marine when the annual accounts for Horse Racing Ireland and for the Irish Horseracing Regulatory Board will be presented. [56503/23]
View answerWednesday, 17 January 2024
Questions (1188)
Written answers
Horse Racing Ireland (HRI) is a commercial state body established under the Horse and Greyhound Racing Act, 2001, and is responsible for the overall administration, promotion and development of the horse racing industry.
The Irish Horse Racing Regulatory Board (IHRB) is the regulatory body for horse racing in Ireland. The role of the body as the regulator of horse racing is provided for in legislation however the body itself remains a private entity.
Relevant legislation and the Code of Practice for Governance of State Bodies 2016 require the annual financial statements of HRI and the IHRB to be audited by the Comptroller and Auditor General (C&AG) and submitted to my Department for consideration. The accounts are subsequently noted by Government and laid before the Houses of the Oireachtas.
The 2022 audited financial statements for HRI were received by my Department on 21 December 2023 and are currently under consideration.
The audit of the IHRB’s 2022 financial statements by the C&AG is ongoing.