Seanad debates

Wednesday, 28 May 2003

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

 

I have been lobbied by several people in relation to the auditing threshold of €317 million. In Britain, not necessarily a good example, the UK company and law review group, chaired by Ms Margaret Beckett MP, recommended a rise in the small companies audit exemption threshold to £4.8 million, €7.7 million. Mr. Gordon Brown has considered this matter and made it clear in the last budget that the rise in the audit threshold, probably to £4.8 million, was on the way, barring problems during the summer.

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