Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
I am surprised this issue is not addressed in the legislation. There is little point in establishing this new supervisory mechanism if it provides both an incentive and a capacity to operate outside it. Confidence will only be restored in the profession and financial services by ensuring everybody operates on a level playing field. This is an essential development from the consumer's perspective. The consumer should be entitled to know that when he or she walks into a so-called accountant's office, the person is what he or she says. The Bill will lose a key part of its effectiveness if it is not amended to provide recognition for the title "accountant".
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