Tommy Broughan (Dublin Bay North, Independent)
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1259. To ask the Minister for Jobs, Enterprise and Innovation when the Companies (Accounting) Bill 2016 will be enacted; and if she will make a statement on the matter. [12992/17]

Mary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
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The Companies (Accounting) Bill 2016 is scheduled for Report Stage in Dáil Éireann this week. The timing of enactment thereafter will depend on the availability of parliamentary time.

Billy Kelleher (Cork North Central, Fianna Fail)
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1260. To ask the Minister for Jobs, Enterprise and Innovation the reason there has been a delay in the enactment of the Companies (Accounting) Bill 2016; when it will be enacted; and if she will make a statement on the matter. [13791/17]

Mary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
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The Companies (Accounting) Bill 2016 is scheduled for Report Stage in Dáil Éireann this week. The timing of enactment of the Bill will depend on the availability of parliamentary time.

Both the Bill itself and Directive 2013/34/EU, which it transposes, are technical pieces of legislation. This has meant that a number of complex issues have arisen during the transposition process. As a result, enactment has taken longer than hoped.

In order to mitigate the effects of this delay, section 14 of the Bill provides that companies may apply, in certain circumstances, provisions of the Bill to financial statements in respect of financial years that commenced in 2015 and later.