The Commission set up a European Forum to gather market players’ views on limiting financial burdens for auditors. The Forum will consider market-led solutions to mitigate litigation risks. The Forum comprises twenty market experts from various professional backgrounds.
The Commission intends to issue a report on the impact of liability rules for carrying out statutory audits before the end of 2006, likely to be followed by recommendations to Member States.
An impact study of alternative liability regimes, competition in the market and availability of insurance will be started in early 2006. The results will be available in autumn 2006.
Members of the Forum are appointed until 31 December 2006.
Press release
Forum members
© European Commission
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