Seanad debates
Thursday, 29 May 2003
Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages.
The only issue is the fear about this, which I understand. People could suddenly find themselves snowed under by all sorts of extraneous legislation which would not normally be germane to the work of the company. If it is not normally germane or central to the work of the company, it should not materially affect the balance sheet. On the other hand, if someone is running an operation which remains profitable because it is, for example, dumping illegal waste, or operating in any criminal way, then these issues become hugely important.
No comments