I welcome the Minister of State to the House and I welcome the opportunity to discuss the legislation in the area of the regulation of the accounting and auditing professions. The Companies (Auditing and Accounting) Bill 2003 arises directly from the report of the review group on auditing and the recommendations contained in it form the substance of the Bill. The review group was established by the Tánaiste following the Committee of Public Accounts parliamentary inquiry into DIRT, which examined the regulations and the professional rules governing the auditing profession. I congratulate the Tánaiste on her achievement and her work in the area. The review group was chaired by Senator O'Toole and he too should be congratulated on his superb work in that role.