Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
There is a rider attached to the Bill, however – perhaps to compensate for the new powers afforded to the accountancy bodies in section 35(6) and (10) – that necessitates any monetary sanction imposed by the accountancy bodies' internal disciplinary procedures to be confirmed by the High Court. The effect of this will be to delay and undermine the internal disciplinary process which the Bill aims to support.
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