Oireachtas Joint and Select Committees
Tuesday, 5 November 2013
Select Committee on Jobs, Enterprise and Innovation
Companies Bill 2012: Committee Stage
12:15 pm
Dara Calleary (Mayo, Fianna Fail)
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The provisions of section 371 refer to how an audit opinion is valid "from the date of signature" and I believe there is a lack of clarity in section 37(5) as to the meaning of what is "a true and fair view as at the date [of] the original ... financial statements", whereas section 367 is quite precise regarding dates in respect of the original statutory statement. The worry is that section 371 allows for a material event to be missed or to be excluded from the final revised accounts, whereas sections 367 to 369, inclusive, are quite specific.