Stephen Donnelly (Wicklow, Fianna Fail) | Oireachtas source

There is a slight concern with this amendment in that it seems to tip the balance very much back towards the board. Perhaps I am misunderstanding the amendment, but the essential function of the audit committee is to be independent and external auditors. Maybe I am wrong, but if that is the case, does it give the board too much say on a body that might be looking at the activities of the board? Maybe I misunderstand the role of the audit committee, but that is my concern.