EC begins study of limitation of auditor liability

  • European Union (old) Image

01 Dec 2005

The European Commission has formed a European Forum on Auditors' Liability to gather market players' views on limiting financial burdens for auditors.

Members include Hendrik Descheemaeker, President of the Deloitte Board in Belgium. Early in 2006 the Commission will launch a study on the economic impact of alternative liability regimes, competition in the market, and availability of insurance. The forum will provide data for this study and will give feedback on proposals. The results of the study will be available in autumn 2006. The Forum is expected to complete its work by 31 December 2006. Click for:

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