Michael Ahern (Cork East, Fianna Fail)

Senator O'Toole has explained what has happened in recent months. The Bill was drafted on foot of the report of the review group on auditing, a substantial tome. More correspondence has been received from different sectors of industry, including accountancy bodies, individual accountants, directors, associations and the company law review group. This will be considered while we are discussing the Bill and we will listen to the points made by Senators on different sections. We will then bring it through the other House and any changes made following the views expressed will be brought back before this House. It will be given considerable consideration before being finalised.