Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
10:30 am
Feargal Quinn (Independent)
My point relates to the use of the terms "it appears" that something happened or that "it appears that it may arise". I agree with Senator Maurice Hayes's suggested wording. If the authority formed the opinion that it, may arise, I would be satisfied. The current wording seems far too extreme and it raises the possibility that someone with a suspicious mind, who would not have to prove anything, could cause action to be taken by the supervisory authority against a company. In my opinion, the wording used is over the top.
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