{"id":2905,"date":"2009-03-17t11:44:23","date_gmt":"2009-03-17t16:44:23","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=2905"},"modified":"2009-03-16t22:47:10","modified_gmt":"2009-03-17t03:47:10","slug":"jim-peterson-another-blow-to-limited-auditor-liability","status":"publish","type":"post","link":"\/\/www.g005e.com\/2009\/03\/17\/jim-peterson-another-blow-to-limited-auditor-liability\/","title":{"rendered":"jim peterson: another blow to limited auditor liability"},"content":{"rendered":"
the sec has declared that uk companies which agree to new proportionate liability rules for their auditors can’t use their financial statements in the u.s.<\/strong><\/p>\n peterson calls it a “non-surprise:”<\/p>\n the only surprise about the sec’s position — which effectively slams the door on the world’s only remotely influential action affecting the large auditors’ deadly litigation exposure — is that it took so long to arrive.<\/em><\/p>\n peterson has long been saying that the big four firms face potentially lethal liability issues. his views are especially worth listing to, considering he’s a former big four attorney. if he’s worried, we should all worry.<\/p>\n continued here: re:balance — jim peterson<\/a>.<\/em><\/p>\n