Results 12,581-12,600 of 12,886 for speaker:Paul Coghlan

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

Paul Coghlan: It is a valid point.

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

Paul Coghlan: The amendment in question relates to section 30.

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

Paul Coghlan: I move amendment No. 30: In page 35, to delete lines 18 to 51 and in page 36 to delete lines 1 to 13. Section 35 deals with the statutory backing for the disciplinary arrangements of the prescribed accountancy bodies. I propose these deletions to ensure that the disciplinary procedures are efficient, not subject to undue administrative delay and that evidence can be compelled from persons...

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

Paul Coghlan: Will the Minister of State confirm that he is sympathetic to a further review and that the matter is under active consideration?

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

Paul Coghlan: I totally agree with Senator Quinn. Many of us mentioned this issue on Second Stage. Although the Minister of State was, and perhaps still is, sympathetic, the compliance statement should only apply to large companies with hundreds or thousands of shareholders. In such instances it may be necessary. Ignorance of the law is no excuse. Everybody must obey it. Senator Quinn has advanced the...

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

Paul Coghlan: I support that point.

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

Paul Coghlan: I move amendment No. 45: In page 51, to delete lines 9 to 15 and substitute the following: "(a) Irish Companies Acts, and (b) Irish tax law;". This section relates to directors' compliance and related statements, about which all of us got worked up on Second Stage. The reason I have tabled the amendment is to simplify the relevant obligations, allow the report to acknowledge if a report has...

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

Paul Coghlan: Is the Senator launching another campaign?

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

Paul Coghlan: And the republican party.

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

Paul Coghlan: Family businesses.

Seanad: Auctioneering Profession: Motion. (28 May 2003)

Paul Coghlan: I welcome the Minister of State. I, too, must declare an interest in that some of my business background is in auctioneering and I continue to hold a licence, even though I am more of a silent partner and consultant in the business. However, I am honoured to be a member of the IPAV and wish to declare that interest also. A journalist, writing in one of last Sunday's newspapers with regard to...

Seanad: Auctioneering Profession: Motion. (28 May 2003)

Paul Coghlan: The Senator is well covered.

Seanad: Auctioneering Profession: Motion. (28 May 2003)

Paul Coghlan: Entry into the profession of auctioneer or house agent is governed by statute, namely, the Auctioneers and House Agents Acts 1947 to 1973. A whole body of case law governs auctioneers in the conduct of their business. They must, like any other citizen, operate within the law and do. There may be a few rogue auctioneers but not as many as there are such solicitors or members of other...

Seanad: Auctioneering Profession: Motion. (28 May 2003)

Paul Coghlan: I agree with Senator Ross and, particularly, Senator O'Toole when they argue for protection for all. If there is a shortfall and if something further needs to be done, nobody will object to it. I certainly do not. If there is a shortfall in trust and confidence, we must overcome it. Other matters such as valuations are not an exact science. While things can go wrong, I suggest this is not...

Seanad: Auctioneering Profession: Motion. (28 May 2003)

Paul Coghlan: I am sure that would be acceptable.

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

Paul Coghlan: Amendments Nos. 52 and 53 deal with the increase in audit exemption thresholds, which was an important matter we addressed on Second Stage. I put these amendments down to allow Irish companies to avail of audit exemption thresholds in line with those available in other EU member states. In order to extend the audit exemption relief as contained in section 32 of the Companies (Amendment)(No....

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

Paul Coghlan: That was one Senator on his own campaign.

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

Paul Coghlan: Some valid points have been made, particularly by Senators Quinn and Maurice Hayes. Executive directors deal with the nitty gritty, financial management and so on while specialist directors, such as Senator Maurice Hayes, are very worthy people and can give a wider perspective and an overview. Such a non-executive director, despite his or her great value to a company, cannot be held...

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

Paul Coghlan: I am talking about small family businesses. I was elaborating on the point made by Senator Paddy Burke.

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

Paul Coghlan: In the light of the Minister of State's comment that the matter is still under active review and consideration, I am prepared to withdraw my amendments.