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EU independent study analyses auditor liability

03.10.2006

The European Commission has published an independent study on the economic impact of current EU rules on auditors' liability regimes and on insurance conditions in the Member States. The study analyses the structure of the auditing market and its possible development in the future, describes the existing limitations in the insurance market for international audits, examines the economic needs for limiting auditors' liability and compares several possible methods for limiting liability.

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