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Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: Is this in line with Senator Leyden's name and shame policy?

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: We learn something new every day.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: I am grateful to the Minister of State for his remarks, particularly regarding the need for compliance statements. When he and his officials have had an opportunity to consider the matter further, I look forward to his informing us that the level of the threshold for the compliance statement will be increased and that all small and medium-sized businesses will be removed from its scope. I...

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: I move amendment No. 12: In page 54, line 25 after "year" to insert "or if not such cases of non compliance have been reported to the relevant statutory authority".

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: That is a separate debate.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: The Bill is not about the AIB.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: I am sure they respect the Senator's confidence in them.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: We have made our point on compliance and thresholds. In view of the Minister of State's remarks and the fact that the matter is under review, we anticipate further amendments. Amendments Nos. 13 to 15, inclusive, not moved.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Paul Coghlan: I wish to be associated with Senator Leyden's expression of gratitude to all concerned. I thank, in particular, the Minister of State for his thoughtfulness and his senior officials who have spent many hours labouring on the Bill. The Minister of State has a special interest and expertise in this area. Our deliberations have been fruitful. We look forward to many additional amendments which...

Seanad: Order of Business. (28 May 2003)

Paul Coghlan: I support Senators Brian Hayes, Dardis and Ormonde in their calls for a debate on the report on the Convention on the Future of Europe. There are many issues in the report of huge concern to small countries and it is timely that we should address them. On the question of increasing prices, and rip-off Ireland was referred to again today, we are all concerned about the impact on...

Seanad: Order of Business. (28 May 2003)

Paul Coghlan: It is a separate issue. An announcement was made about the establishment of a new Oireachtas committee dealing with competitiveness to be chaired by the Leader's illustrious colleague, Deputy Ned O'Keeffe. It would appear the committee has much important work to do. Will the Leader indicate when this committee will be formally established?

Seanad: Order of Business. (28 May 2003)

Paul Coghlan: I asked when a committee on competitiveness would be established.

Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)

Paul Coghlan: I move amendment No. 1: In page 7, before section 5, to insert the following new section: 5.–(1) Subject to subsection (2), unless a person is a qualified person, he shall not: (a) describe himself as an accountant, or (b) so hold himself out so as to indicate, or be reasonably understood to indicate, that he is an accountant. (2) Subsection (1) shall not prevent any person who is:– (a) a...

Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)

Paul Coghlan: While I am glad to hear some of those comments, with respect, this matter should be at the root of the Bill. Every day in this House we preach and argue about the rights of and protecting the consumer. How can we establish a new regulatory body, which I fully support, as do Members on both sides of the House, to deal with the supervision of the members of the bodies concerned when the Bill...

Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)

Paul Coghlan: I support Senator Quinn's point. There is a bit of an imbalance, a point with which I am sure the Minister of State would sympathise. If he cannot accept the Senator's amendment, perhaps he could guarantee it will be addressed in the near future, as in the case of the earlier amendment regarding the title of accountant and the definition. It seems that not only is the Minister of State...

Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)

Paul Coghlan: Someone should have the power to break the logjam in that eventuality.

Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)

Paul Coghlan: I move amendment No. 14: In page 21, lines 3 and 4, to delete paragraph (a) and substitute the following paragraph: "(a) appealing the decision of that body relating to that matter that was the subject of the enquiry to the High Court,". This section deals with the intervention powers of the supervisory authority. This amendment has been tabled to ensure that due process is followed in...

Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)

Paul Coghlan: In that case, I am prepared to withdraw the amendment to allow for further consideration. I will hear the Minister tomorrow.

Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)

Paul Coghlan: I accept that could be possible.

Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)

Paul Coghlan: On the basis that the Minister is sympathetic to the substance, I withdraw the amendment. We will hear the Minister tomorrow. Amendment, by leave, withdrawn.

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