268. Deputy Dara Calleary asked the Minister for Jobs, Enterprise and Innovation if his attention has been drawn to the fact that reputable European and American business organisations (details supplied) have registered their concern regarding key provisions of the European Commission proposals for a regulation on specific requirements regarding statutory audit of public interest entities, in particular Article 33(2) of the proposal, on the basis that the provision will increase costs for companies, increase the risk of audit error, undermine audit quality and cause particular difficulties for multinationals operating across multiple jurisdictions; if he will request the Joint Committee on European Union Affairs to examine these concerns and the concerns that have been expressed in many independent studies on the issues raised by the Commission proposals; and if he will make a statement on the matter. [6687/14]

Summary

268. Deputy Dara Calleary asked the Minister for Jobs, Enterprise and Innovation if his attention has been drawn to the fact that reputable European and American business organisations (details supplied) have registered their concern regarding key provisions of the European Commission proposals for a regulation on specific requirements regarding statutory audit of public interest entities, in particular Article 33(2) of the proposal, on the basis that the provision will increase costs for companies, increase the risk of audit error, undermine audit quality and cause particular difficulties for multinationals operating across multiple jurisdictions; if he will request the Joint Committee on European Union Affairs to examine these concerns and the concerns that have been expressed in many independent studies on the issues raised by the Commission proposals; and if he will make a statement on the matter. [6687/14]

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• EU Regulations

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