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| Tekijä: | Napier, C. J. |
| Otsikko: | Intersections of law and accountancy: Unlimited auditor liability in the United Kingdom |
| Lehti: | Accounting, Organizations and Society
1998 : JAN, VOL. 23:1, p. 105-128 |
| Asiasana: | AUDITORS LIABILITY LAW UNITED KINGDOM |
| Kieli: | eng |
| Tiivistelmä: | Under British company law, auditors are forbidden from contracting with companies for their liability to be restricted. This article explores the background to this legal provision, observing that auditor liability cannot be viewed as a self-contained matter of interest only to a limited community. Attitudes to auditor liability have been shaped against a background of changes in the law of negligence, some arising from cases involving auditors. Changing concepts of the position of the auditor within corporate governance structures have encouraged and discouraged the assimilation of the legal treatments of auditors and directors. Acceptance of full responsibility for one's statements has more recently been seen as inhibiting the commercial development of British auditing. |
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