Seanad debates
Thursday, 29 May 2003
Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages.
I do not know how we will solve this problem. We have gone over the top and established a standard which, to the best of my knowledge, nobody has attempted to establish anywhere else. Auditors and non-executive directors usually take responsibility in financial areas but it is unreasonable to place such an onus on directors, not just in terms of their having policies but also in terms of their having to comply with them.
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