Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
I must take some responsibility regarding the question of the public interest as I was insistent on its inclusion. However, I could not come up with an objective test for it. The only example I could give was to say that if a matter which was not anticipated and should be investigated was raised in the Dáil or Seanad – for example, that an elephant walked into the chief executive officer's office and disturbed the auditor – and if that matter was not covered by the legislation in any objective way, there should be some subjective way of dealing with it. There is a gap in the legislation, as Senator McDowell rightly indicated.
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