Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
Recommendation 13.1 of the report of the review group on auditing recommended that boards of directors of public limited companies, financial institutions and public interest companies should be required by legislation to establish audit committees, the membership of which should be made up of non-executive directors. Other recommendations in the report elaborated on various aspects of what an audit committee should be required to do.
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