New law aims to end non-compliance

TOUGH new legislation to end the culture of non-compliance with company law is expected to be in place by the summer.

New law aims to end non-compliance

Institute of Chartered Accountants in Ireland president Adrian Burke will, in his keynote speech to the institute’s Annual Practice Conference today, warn that the outcome of new legislation such as the Companies (Auditing and Accounting) Bill 2003, and the Irish Auditing & Accounting Supervisory Authority (IAASA) could have far-reaching effects on the future of self-regulation and on the structure of the profession itself.

Trade and Commerce Minister Michael Ahern yesterday told the conference he hopes the changes in company law will be place by the summer or at the very least by the autumn.

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