Oireachtas Joint and Select Committees

Tuesday, 16 October 2012

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Scrutiny of EU Legislative Proposals: COM (2011) 778 and COM (2011) 779

2:35 pm

Photo of Áine CollinsÁine Collins (Cork North West, Fine Gael)
Link to this: Individually | In context | Oireachtas source

From an auditing point of view, taking on any financial institution is hugely onerous. None of the small to medium-sized companies would even want to be in that market because of what is involved in carrying out audits. One would not want to do it.