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.
Relevant legislation and the Code of Practice for Governance of State Bodies 2016 require the annual financial statements of HRI to be audited by the Comptroller and Auditor General (C&AG) and submitted to my Department for consideration. The financial statements are subsequently noted by Government and laid before the Houses of the Oireachtas.
I understand that the C&AG audit of HRI's 2023 financial statements is ongoing.