EU to consult on auditor liability cap
The end result could have major consequences for Big Four
The aim of the cap would be to prevent another Arthur Andersen-style
collapse, which happened in the wake of Enron.
Brussels has been examining for some time ways of protecting firms against
The Business has learnt that Charlie McCreevy, the EU Internal
Market commissioner, is to launch a public consultation on how a pan-EU cap
The Big Four audit the books of nearly all the world’s quoted companies.