Seanad debates
Wednesday, 16 April 2003
Companies (Auditing and Accounting) Bill 2003: Second Stage.
Section 13 deals with the work programme of the supervisory authority. The authority is required to draw up and submit a work programme setting out its strategies, planned activities and intended outputs for a three-year period. This programme will also give information on the staff and resources required, including an annual programme of expenditure. As it is intended that the authority will be funded by the State and the accountancy bodies, the Minister will consult the prescribed accountancy bodies before approving the annual programme of expenditure. Provision is also made to ensure that the work programme is laid before each House of the Oireachtas not later than 60 days after the date of which it is submitted to the Minister. Subsection (10) provides that the Minister may not give directions concerning the discharge of a work programme, or, if it arises, of any amended or supplementary programme.
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