Seanad debates

Wednesday, 16 April 2003

Companies (Auditing and Accounting) Bill 2003: Second Stage.

 

This matter is about compliance. It is also about ensuring that the work required by law is done in a compliant fashion in which we can have trust and confidence. There is no additional work intended. That is the clear intention of the audit review group, the IAASA and this legislation. That is the way it is set up. One body of accountants wrote to me and, apart from indicating that I was unfair in my comments, which is fair enough, stated this compliance statement was unique to Ireland. That is a powerful phrase. I am unique to Ireland. There is nobody exactly like me. Everybody in this House is unique. If that body of accountants is trying to give the impression that there is nothing like this anywhere else in the world, it is wrong.

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