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Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: ...shall be taken to guard against falsification. Subsection (6), subject to the provisions of subsection (7), ensures that where accounting records, other information and returns are kept on a computer that the computer shall be kept in the State. This is another positive duty that recognises that many modern companies no longer rely on ledgers and paper when maintaining or recording any...

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Feargal Quinn: I thank the Minister of State for his response. It was the term "bound book" that got me because I thought it sounded like something from Dickens or whomever. I was also struck by how cloud computing is so big. This morning I dropped into the Springboard demonstration or launch taking place at Customs House Quay. It was amazing to witness hundreds of attendees meeting organisations and...

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Feargal Quinn: ...in a bound book is somehow a protection against fraud. It sounds like a contention a law firm might have put forward 50 or 100 years ago. Bound books are no longer used in this, the age of the computer. I would love to see the introduction of the mandatory recording of activities in the banks by outside agencies in order to protect against another collapse. If we use the software which...

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