A cap on auditor liability could be a step closer when a study, expected to
be revealed today by the European Commission, will argue that a cap should be
The call will put more pressure on European ministers to introduce a cap,
which would be a massive boost to the Big Four in their attempts to limit their
liability on audit work.
The study, by London Economics, concludes that a cap would reduce market
concentration and help firms retain experienced staff, reports the
The European Commission has also promised its own report on the topic before
the end of the year.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group