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11b André Kilesse Presentation.pdf

andre_kilesse_-_slides17102006341643.pdf

Preview of 11b André Kilesse presentation

🔗 Source: accountancyeurope.eu

📊 Size: 43 KB

👤 Author: Sabine Leurart

⬇️ Downloads: 245

Summary

André Kilesse, President of the Institut des Reviseurs d’Entreprises in Belgium, discusses the reform of auditors' liability. Previously, auditors had unlimited liability, making it difficult to obtain insurance, with a maximum coverage of €1.8 million. Discussions between the government, oversight bodies, and insurance companies led to a proposed cap on liability. Three options were considered: a cap based on audit fees, company size, or a fixed cap. The current situation sets a cap of €3 million for non-listed companies and €12 million for listed companies, with all Belgian auditors covered for these amounts at a reasonable premium. Contractual services allow for free negotiation of limited liability.

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Description

André Kilesse, President of the Institut des Reviseurs d’Entreprises in Belgium, discusses the reform of auditors' liability.

Technical Information

File Format: PDF
File Size: 43 KB
Pages: 6
Language: EN
Author: Sabine Leurart
Total Downloads: 245
Last Updated: 1 week ago

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