Auditor’s report on mart’s alleged financial irregularities expected by year end

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Auditor’s report on mart’s alleged financial irregularities expected by year end via IrishTimesBiz

The court suspended the operating licence of the Corcaghan Co-operative Agricultural and Dairy Society Ltd, trading as Ballybay Livestock Sales last year. Photograph: Bryan O’BrienAn auditor’s report into alleged financial irregularities by previous management at a Co Monaghan livestock mart is expected to be ready by the end of the year, the High Court has heard.

The application was brought to the court by Property Services Regulatory Authority , the watchdog for the property services sector. This was on the basis that the court would have a supervisory role in its affairs that a third-party auditor or accountant would oversee and manage its client accounts. Counsel said the conditions imposed on the mart have been complied with. It is hoped the auditor’s report will be ready by the time the case next comes before the court this side of Christmas. It is also hoped the matter can be struck out at that stage, he said.

 

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