Auditors’ liabilities and responsibilities

6 items, ordered by date.

1. Making corporate governance more effective, personal paper by Professor JP(Ian) Percy, 19 December 1990

This paper is unpublished and covers fraud, auditors’ responsibilities, directors’ responsibilities with recommendations.

2. In confidence. Record of meeting with Mr Andew Hugh Smith, Chairman of the London Stock Exchange, on 26th June, 1991

Covers the middle ground.

3. Paper to the CFACG : the statutory definition of auditor’s responsibilities: the Caparo case CFACG(91) 10

[no description available].

4. A paper, dated 12 March 1992, giving CBI preliminary evidence to the Committee

The paper covers the role and duties of directors, the responsibilities of institutional shareholders, auditors responsibilities and liabilities, accounting standards and pension fund management issues.

5. Partial copy of ‘In the Supreme Court of the state of California’ Bily v Arthur Young, Shea v Arthur Young, S017199

Contains the first two pages of the filing regarding the extent of an accountant’s duty of care in the preparation of an independent audit of client’s financial statements extends to persons other than the client.

6. Letters, dated 28 August 1992 from Sandy Easterbrook of Mallesons Stephen Jacques and accompanying paper on the issues of the AWA case

Includes a detailed paper on the implications of an Australian judgement regarding auditor negligence and the duties and responsibilities of the board of directors, including non-executive directors.