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FAI audit delayed by John Dela...
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FAI audit delayed by John Delaney's departure from association

Richie McCormack
Richie McCormack

03:32 1 Oct 2019

A forensic audit into financing at the FAI is being delayed after the resignation of John Delaney.

A draft report was due to be submitted next week but the company carrying out the audi - KOSI Corporation Ltd. - has asked for more time.

The audit is being carried out to independently assess the spending of Sport Ireland grant funding in accordance with the FAI's approved submissions. It's also examining the FAI's wider financial administration.

Delaney officially left his role as Executive Vice-President of the FAI on Saturday night. There have been growing calls among TDs for the FAI and Delaney to reveal the full cost of his severance pacakge.

Sport Ireland has granted the extension given what they call "the vital importance" of the matter. They've also written to the Oireachtas Joint Committee on Transport, Tourism and Sport warning it may take some time.

Sport Ireland were next due in front of the Committee on Wednesday, October 16, but it appears that can has been kicked further down the road.

In a letter to the Committee, Sport Ireland Chair John Treacy says the draft audit report from KOSI will still need to be cleared on a number of levels.

Fergus O'Dowd, chairman of the Oireachtas Committee on Sport, said he welcomed the request for further time in light of recent developments at the organisation.

Deputy O'Dowd said there's no reference in Sport Ireland's letter to departing executive John Delaney's settlement with the FAI, but he 'presumes' that will now be looked at by the auditors.

He said: "It is vital new information, and it needs to be forensically gone into.

"I'm presuming that the significant recent developments are in relation to the controversy over [John] Delaney's settlement figure.

"The auditor hasn't finished the [report]... and I think it was right and proper and appropriate that anything that happens until that is presented should go through the auditor."

The draft audit report will be issued to their legal advisors for their legal opinion on any matters raised. The report will also be presented to Sport Ireland's own Audit & Risk Committee and/or Board for consideration.

The FAI themselves will also be presented with a copy of KOSI's draft report and any relevant parties for their review and comment.

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Audit FAI Fergus O'Dowd John Delaney John Treacy KOSI

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