Seanad debates

Thursday, 29 May 2003

Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages.

 

10:30 am

Photo of Terry LeydenTerry Leyden (Fianna Fail)

Senator Quinn's points are excellent and come from his vast experience of business. If I was in the Minister of State's position, I would consider those points and adjust the Bill accordingly. The Senator is being very reasonable in pointing out that failure to act under this section may lead to someone being taken to court and found guilty of an offence. That is very extreme and is detrimental to the quality of the Bill. I ask the Minister of State to give serious consideration to this matter and, if possible, to adjust the wording of the Bill, subject to his legal advice, to comply with Senator Quinn's recommendations.

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