Seanad debates

Wednesday, 28 May 2003

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

 

A further aspect of this section is that many private companies of the size described compete with companies based outside Ireland, which trade here in competition with Irish companies. This means Irish companies will have to bear the additional cost of this provision, while having to compete with companies free of it. I do not understand the reason for introducing legislation and applying it to private companies, often family businesses, which have to compete with companies registered elsewhere and are thus not obliged to comply with the legislation.

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