Seanad debates

Wednesday, 28 May 2003

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

 

Amendment No. 36 substitutes the term "satisfying itself" for the obligation entailed in the text, as published, which was considered onerous. Amendment No. 37 is designed to allow the Minister prescribe by regulations any additional functions that should require to be performed by audit committees. This will allow the requirements to be updated as circumstances change.

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