Details of Defendants:
Chartered Accountants and Registered Auditors,
Sligo District Court
District Judge Oliver McGuinness
Having been remitted to the District Court following the Judgment of Mr. Justice Aindrias O'Caoimh of the High Court dated the 19th November 2002, the matter was re-entered before the District Judge for determination.
Alleged contravention of Section 187 of the Companies Act, 1990 (as amended), which determines the circumstances in which persons are legally qualified to act as Auditors. In this case the allegation was that the First Named Defendant together with the remaining Defendants acted as Auditors to two separate companies at a time when the First Named Defendant was also an officer of the companies being audited.
On a plea of guilty the First Named Defendant was convicted and fined a sum of €10 in relation to two separate offences under section 187(6) of the 1990 Act, as amended. The charges against the remaining defendants were struck out.