The Office of the Director of Corporate Enforcement is seeking to appoint more staff with accounting expertise. 

At present, only one accountant is employed by the office, with another position vacant.

Launching its annual report, ODCE director Ian Drennan said there was a deficiency in that department and the office needed to be “further professionalised”.

He is seeking five extra accountants and discussions are underway with Government.

The economic calamity of recent times has thrust the office into the spotlight, with the work of the ODCE forming the basis for the recent Anglo Irish Bank trial. 

Investigations into the banking collapse are continuing.

Commenting in as much as he could on the recent Anglo trial, Mr Drennan said it had shown that the system for investigating possible serious company law offences was capable of responding appropriately.