Results 181-200 of 1,279 for speaker:Michael Ahern
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: It is a technical amendment which is possibly in the wrong place. That is being considered.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: In each of these amendments, the provision for an appeal to be lodged within a certain timeframe is being separated from its place in the original subsection and being constituted as a separate subsection. The objective is to make the Bill clearer as to the timeframe within which appeals have to be made to the court. I commend the amendment to the House. Amendment agreed to. Government...
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: I would expect that the supervisory authority would approach the accountancy bodies if there is an investigation to be carried out, and not go in immediately with a bulldozer.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: It is felt that there is no necessity to include it in the legislation.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: We do not want to tie its hands in particular cases by stating that it must consult.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: There may be circumstances where it might not be appropriate to do so.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: It is our opinion that we would not put it into the Bill and that they would have to consult. If the membership of the supervisory authority will be comprised of eminent and sensible people, it will operate in a manner that will ensure co-operation between the various accountancy bodies and themselves.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: I expect that the supervisory authority will act reasonably.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: It is common sense that it has to act reasonably, particularly if it wants co-operation and does not want to be stymied at every hand's turn in its work. I do not feel it is necessary to include in the Bill a stipulation that the authority will have to consult with the bodies.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: We will give consideration to the Senator's proposal. Question put and agreed to. Section 25 agreed to. SECTION 26.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: The existing text offers flexibility to the supervisory authority in assessing the question of compliance of company accounts with the obligations under the Companies Act. It is my view that the Senator's amendments will unduly restrict the scope of the supervisory authority in making such amendments. Accordingly, I regret that I am unable to accept these amendments.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: Senator Quinn wishes to remove the words "may be" and "may arise", but the directors will still have to be responsible for all matters of business in a company. We are ensuring that the directors will be responsible for any matters that arise. We must also ensure that the responsibility of the directors does not disappear with the deletion of those words.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: The officials will review the points made by Senators Maurice Hayes and Quinn. This will not be done in time for tomorrow's Report Stage debate. However, the matter will be dealt with by the time the Bill is taken in the Dáil. Amendment, by leave, withdrawn. Amendment No. 22 not moved. Government amendment No. 23: In page 27, lines 1 to 4, to delete subsection (12) and substitute the...
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: It is dealt with under section 45.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: Senator Coghlan has put down an amendment with regard to that matter. We will be dealing with it later.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: The fine has to be confirmed by the court.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: It is the legal advice.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: Yes.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: I am advised that the legal advice is that the decision of the authority has to be confirmed by the court. Question put and agreed to. Section 29 agreed to. SECTION 30. Government amendment No. 25: In page 29, subsection (3)(b), line 6, to delete paragraph (viii) and substitute the following new subparagraph: "(viii) the Central Bank and Financial Services Authority of Ireland;".
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage. (28 May 2003)
Michael Ahern: If the Freedom of Information Act is to apply, it will be applied by the Minister for Finance.