Seanad debates

Wednesday, 28 May 2003

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

 

10:30 am

Photo of Paschal MooneyPaschal Mooney (Fianna Fail)

I appreciate that company law is a complex issue and do not expect that the Minister of State will cover everything here. However, I would like to be reassured. I was making a general point which had been expressed to me by those in the accountancy profession dealing with small and medium-sized businesses. The Minister of State should give some assurance that he is aware of these concerns.

I asked about an internal departmental review group which, I understand, has been set up within the Department of Enterprise, Trade and Employment to consider the implications of the 2001 Act as it relates to the increasing corpus of legislation drawn up over the last couple of years and as it affects and impacts on, as Senator Quinn so eloquently put it, the efficient operation of companies. I would like the Minister of State to give some indication on this.

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