Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Just because it's an important issue it might be important to explain what IAS 39 actually was and you can correct it here that, ''This was a standard that outlines the requirements for the recognition and measurement of financial assets, financial liabilities and some contracts to buy or sell non-financial items and the standard outlines how a provision for bad debts should be calculated from one year going into the next''.