Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

A company might be re-registered as a plc if the company delivers certain documents to the registrar including copies of the balance sheet of the company. All the information that is required is based specifically on the balance sheet. Would it not be more beneficial to base it on all the financial statements so that things could not be hidden and that the registrar could make a full assessment of the financial position of the company rather than just on the balance sheet?