Oireachtas Joint and Select Committees
Tuesday, 11 November 2014
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage
2:55 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Subsection (4)(a) refers not to a standard but to a practice. A practice may change from time to time, whereas a standard is adopted by a governing body. International standards are governed by the IFRS, and there are the American standards, the UK standards and so on. A practice is very different from a standard. Practices evolve as time goes on.
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