Call for cap on auditor’s liability

Auditor liability will be capped if the government accepts a proposal made by the Company Law Review Group in its annual report.

31st January, 2009

Auditor liability will be capped if the government accepts a proposal made by the Company Law Review Group in its annual report.

The proposal is likely to be of interest to shareholders, including those in Anglo Irish Bank, some of whom are considering legal action against auditors Ernst &Young following the directors’ loan scandal at the bank.

Ernst & Young failed to uncover the concealment by former Anglo Irish Bank chairman and chief...

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