ICAI argues case for liability reform

The Institute of Chartered Accountants in Ireland (ICAI) has today published a position paper arguing the case for reform of the liability regime as it affects Irish auditors.

In the paper, entitled ‘Auditor Liability – the reform imperative’, ICAI makes the case that the current liability regime is unsustainable from a public/national interest perspective. The paper also argues that it is uniquely unfair to auditors.