Mr. Brendan Lenihan:

It is a supplementary comment on Deputy Calleary's question. In the text of our proposed amendment, we have stated that a qualified person would be a person who was a member of one of the bodies or otherwise certified by the supervisory authority as being a person entitled to describe himself or herself as an accountant. We trust in the process that the Irish Auditing and Accounting Supervisory Authority, IAASA, might put in place to certify other folks as competent. This is not an effort to build up professional bodies. Rather, it is an effort to ensure that, if one holds oneself out to be an accountant, one is supervised by IAASA. We have allowed the provision such that if IAASA forms the view, we are perfectly happy that the public is protected.