The Companies Act 2006: Auditor Liability
13 September 2007
Mayer Brown Legal Update
The legal and regulatory framework governing the audit market has been the subject of intense scrutiny in recent times. The issue of auditor liability in particular has been a hot topic world wide since the collapse of Arthur Andersen. Here we look at new UK rules allowing auditors to limit their liability. We also address some other noteworthy legal changes affecting auditors in the UK.