Oireachtas Joint and Select Committees

Tuesday, 19 February 2019

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Companies (Corporate Enforcement Authority) Bill 2018: Discussion

Photo of Pádraig Mac LochlainnPádraig Mac Lochlainn (Sinn Fein) | Oireachtas source

It will be. I talked about how, when one goes on an aeroplane, one puts one's faith in the pilot being adequately trained and one's life in the pilot's hands. We have perhaps a foolish perception that auditors sign off on accounts and give a company a clean bill of health. If an engineering company cleared an aeroplane and it goes down, my life is gone. I would like to think that my loved ones would ask questions of the engineering company that gave a clean bill of health as part of the investigatory process. I feel that we are not getting a complete picture. If the witnesses' response is that this was all that they could look at, that is good enough for me, but my sense is that there are missing elements that somebody else should have been examining and that was not done. If their response is that, in the terms of reference of the ODCE, that is all they could investigate, that is fair enough. There is something in the public interest that the witnesses could not have fulfilled but that we as a State have not ensured that somebody was fulfilling.

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