Oireachtas Joint and Select Committees

Tuesday, 18 December 2012

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Scrutiny of EU Legislative Proposals

2:20 pm

Photo of Deirdre CluneDeirdre Clune (Fine Gael)
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I have a question but as I have to attend the Seanad soon I apologise if I am not here for the answer, although I hope I will be. The witness said she supported the proposal for a rotation of auditors. There may be a danger of a loss of expertise in some difficult technical areas if firms have developed a relationship with individual companies. Have representations been made to the IAASA about this? Multinational companies based here may have different auditors to the parent firm.