The final issue to which I wish to refer, raising the audit threshold, was raised by Senator Coghlan. It is an interesting issue. Listening to the different groups, I did not have a significant difficulty with raising the audit threshold as I indicated on Second Stage. However, since then I have received a ream of material telling me to be careful. It is important I quote my sources, of which I will refer to one which reflects quite a number. I refer to an article written last week, not by a regulator but by the chief executive of the Association of Chartered Certified Accountants in the United Kingdom where, as in Ireland, they are talking about raising the threshold to the European level of €4.8 million. She made the point that "the Association of Chartered Certified Accountants (ACCA) is equally strong in its view that the audit is not a waste of time and money." She further stated: