WASHINGTON — Federal regulators are considering whether to ban an increasingly popular liability clause in banks’ contracts with their auditors. Officials at the Federal Deposit Insurance Corp. said ...

Accounting fraud can be committed even when investors have access to audited financial statements. When investors discover they have been victims of fraud, they often turn to litigation to recover ...

Looking for some certainty in an often-uncertain field, public companies are increasingly disclosing auditor agreements that place a monetary cap on any liabilities that may arise from accounting ...

Only four large audit firms (commonly known as the Big Four) are currently capable of auditing the world’s globally active companies. According to both the Interim Report of the Committee on Capital ...

With massive auditor liability claims on the horizon - including several well over the billion-dollar threshold - a number of efforts are now underway in Europe to strengthen auditor oversight.One was ...

When compliance problems arise, factories shouldn’t be the only ones to blame—the onus should fall on social auditors too. That’s at least according to a new policy paper on the “Liability of Social ...

PriceWaterhouseCoopers settled a potential $3 billion lawsuit by the administrator of bankrupt MF Global mid-trial, ending a case that could have expanded the scope of auditor liability when companies ...