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Image header Agence Europe
Europe Daily Bulletin No. 9293
Contents Publication in full By article 15 / 42
GENERAL NEWS / (eu) eu/internal market

Commissioner McCreevy urges for limits to be put on auditor responsibility

Brussels, 27/10/2006 (Agence Europe) - The risk of bankruptcy among large audit firms has prompted Charlie Mc Creevy to envisage setting limits to their responsibility in case of ruinous legal proceedings against them. The level of damages and interests that may be claimed from the legal auditor by investors or companies that have fallen victim to a firm's malpractice should have a ceiling set on them, as ensuing proceedings can be costly and endanger a whole network, the Internal Market...

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