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Auditor Liability

October 25, 2005

Question written on 25/10/2005

To ask the Secretary of State for Trade and Industry what assessment he has made of the provisions relating to auditor liability in the European Commission’s Eighth Directive.

Answered by Gerry Sutcliffe

The Government support the provisions set out in Article 30a of the Audit Directive, which received political agreement under the UK Presidency on 11 October. Article 30a commits the European Commission to undertake research to assess the impact of the different national regimes for auditor liability across the EU.