Seanad debates

Wednesday, 28 May 2003

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

 

A strong argument is being made by accountants who are being quoted widely as saying the threshold should be lifted. While I do not know the answer, I indicated on Second Stage that I thought a substantial argument had been made to raise the audit threshold. I think Senator Coghlan did the same. We need to be careful we are not facilitating those who would wish to be fraudulent. I do not want to make that allegation but we should not be hasty.

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