Seanad debates
Wednesday, 16 April 2003
Companies (Auditing and Accounting) Bill 2003: Second Stage.
Some company directors have been misled during the past month to the effect that, since these matters are to be legislated for, they could lose their homes or find themselves in court or in jail because their company was not compliant. However, that is not the aim behind the legislation. The Bill will ensure that company directors assure themselves that their companies have put in place compliant structures, as far as is practicable, and they will be required to sign up to that.
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