Simon Harris (Wicklow, Fine Gael) | Oireachtas source

That is not what we are trying to do. Companies can present accounts according to standard accounting practices under the rules in this country, in accordance with various international standards as outlined in the legislation, or according to an alternative body of accounting standards as listed in the legislation. I do not accept the point that the standards under subsection (4)(a) are inferior to the standards under subsections (4)(b) and (4)(c).