• Register
Return to: Home > News > Accounting scandal rocks Irish FA

Accounting scandal rocks Irish FA

The entire board of the Football Association of Ireland (FAI) is to resign after its auditor, Deloitte, notified the Irish Companies Registration Office (CRO) that the association was not keeping adequate accounting records.

In a filing late last week, Deloitte notified the CRO that the FAI was contravening parts 281 and 282 of the Companies Act 241.

Part 281 states that companies are obligated to keep adequate accounting records, while 282 sets out the basic requirements for accounting records.

Contravention of these is a potentially criminal offence, and could result in fines of up to €50,000 and up to five years in prison.

Yesterday Irish sports minister Shane Ross revealed he had received a letter from FAI president Donal Conway saying the entire existing board would step down once a new structure had been put in place at the FAI.

As well as Conway, the FAI’s board includes Noel Fitzroy, vice president, Michael Cody, honorary secretary and Eddie Murray, honorary treasurer.

John Delaney acts as executive vice-president, a role who took up after his tenure as chief executive came to an end, will also leave.

According to The Irish Times, board member expenses will be investigated as part of the investigation into the FAI.

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.