Photograph: NYSECRH has asked the Government to change the law on financial reporting, seeking Companies Act exemptions that could cut its annual accounting costs by more than €10 million. This is in addition to long-standing Companies Act requirements to file annual accounts under separate International Financial Reporting Standards (IFRS). The minute noted “no action points” for Finance on CRH reporting requirements, saying the company proposed “to raise this matter directly with the Department of Enterprise, Tourism and Employment”. That department, which is responsible for the Companies Act, acknowledged CRH engagement and said it was committed to maintaining a world-class company law code. The existing exemptions are set out in section 279 of the 2014 Companies Act.

Source: The Irish Times March 20, 2026 11:00 UTC