Trade secretary Patricia Hewitt is considering either including them in the current bill or including them in the second companies bill, which is not expected before the next general election, the FT reported.
The FT claims talks between the Department of Trade & Industry and other departments are at an advanced stage.
A source close to the DTI is quoted as saying auditors were likely to be given the right to place limits on their liability with individual companies, subject to the approval of shareholders.
The Big Four have been campaigning long and hard for auditor protection following the disintegration of Andersen following the Enron scandal and other current negligence claims currently going through the courts.
However there is much opposition to the lobby for limited liability, particurlarly from big investor groups and from insurers.
The Association of British Insurers is completely opposed to any cap.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton