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Financial Accounting and Reporting Dissertations

C/F/975. Dissertation. The EU's reform of auditor liability, Member States responses and compliance practices

WORDS:

7550

DATE:

2010

PRICE:

79.99 GBP

This dissertation examines the EU auditor liability reform and the way in which it will affect member states. The dissertation aims to determine the recent reform of Auditor Liability in EU commencing from the changes to Company Law directives, to evaluate the response to changes to liability in member states, to compare and contrast the 'big four's' attitude towards liability changes with that of the member states, and to evaluate the consequences for international development in auditor liability. An overview of auditing and auditor liability is provided which focuses on topics like company law directives. The changes to auditor liability and the EC’s quest for harmonisation are then examined, and this section highlights the quest for reform. The next section provides a discussion on legislative changes to auditor liability, and the different proposals that have been brought forward. These proposals are the introduction of a fixed monetary cap at European level, The introduction of a cap based on the size of the audited company, as measured by its market capitalisation, the introduction of a cap based on a multiple of the audit fees charged by the auditor to its client, and the introduction by Member States of the principle of proportionate liability

KEYWORDS: Dissertation, EU, reform, auditor liability, Company law directives, EC!,