E.C. Seeks To Limit Auditors' Liability
The largest accounting firms—identified by the Commission as KPMG, Deloitte Touche Tohmatsu, PricewaterhouseCoopers and Ernst & Young—are facing “a real danger” of being hit with a lawsuit that could drive one or more of them out of business, according to the E.C.’s Internal Market and Services Commissioner Charlie McCreevey.
The Commission proposed four possible ways of dealing with the...
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