(19)Statutory auditors and audit firms are responsible for carrying out their work with due care and thus should be liable for the financial damage caused by a lack of the care owed. However, the auditors' and audit firms' ability to obtain professional indemnity insurance cover may be affected by whether they are subject to unlimited financial liability. For its part, the Commission intends examining these issues, taking into account the fact that liability regimes of the Member States may vary considerably.
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New version applies from 21/03/2008 — introduced by Directive 2008/30/EC.
72 provisions change.
Later versions: 19/07/2013, 16/06/2014, 05/01/2023, 09/01/2024, 18/03/2026.
Recital 19 changes in this version: compare with the current text.