A report from Grant Thornton will say that there is no written record of the RTÉ Board formally signing off on the decision to host ‘Toy Show The Musical’ which ended up amassing losses of €2.2 million.
Grant Thornton’s report will be published tomorrow morning, and will say that while there was an obligation on the Board to give formal approval for the venture, that did not happen. The audit has identified a lack of governance in this regard, the probe found.
In a statement, the RTÉ Board said it will be published “as soon as possible”.
“The Grant Thornton Report into Toy Show The Musical, commissioned by the Audit and Risk Committee (ARC) of the RTÉ Board, is now complete,” it said,
It added: “The Report has been furnished to the ARC and the RTÉ Board, and also subsequently to the Minister. The Report will be published as soon as possible.”
Minister for Media Catherine Martin said she is giving the report due consideration.