Seanad debates

Wednesday, 16 April 2003

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

 

The Bill is an attempt at social engineering on a monumental scale. Without picking on old sores, it is like the Freedom of Information Act. That Act was profoundly important but lost focus when its ambit was increased. There is a danger with this legislation that the reach of the provisions extends beyond its grasp. It might take the focus away from what we are really after, which is ensuring that people behave properly when it comes to financial and company law. I ask the Minister of State to consider that matter.

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