Seanad debates

Wednesday, 28 May 2003

Companies (Auditing and Accounting) Bill 2003: Committee Stage.

 

10:30 am

Maurice Hayes (Independent)

It might be helpful, in order to avoid the appearance of an illusion, if we were to use the term "if the Supervisory Authority forms the view that there is or may be". It is the use of the terms "appearing" and "or may be" with which Senator Quinn and several other Members find difficult to come to terms. If the authority forms a view that there is a problem with a company, it shows that it has examined the matter carefully. If it has a suspicion that there still might be a problem, that is covered by the form already used.

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