Mary Butler (Waterford, Fianna Fail) | Oireachtas source

I have one final question, to which I ask Ms Carroll and Mr. Murtagh to respond. The proposed amendment to section 14 of the principal Act, which deals with audits, recommends retention of the requirement for annual returns and audited accounts while allowing specific societies to apply for an audit exemption under certain conditions, which might include an asset size turnover threshold, as in the case in companies legislation. I note Mr. Walshe spoke a little on this issue but I would welcome Ms Carroll's and Mr. Murtagh's thoughts on it.