Limit on auditor liability: amendment ties recoverable cap to the auditor's remuneration, reducing potential monetary exposure. The amendment replaces the prior fixed monetary threshold with a cap equal to the existing monetary ceiling or the auditor's remuneration, whichever is ... Summary
Limit on auditor liability: amendment ties recoverable cap to the auditor's remuneration, reducing potential monetary exposure.
The amendment replaces the prior fixed monetary threshold with a cap equal to the existing monetary ceiling or the auditor's remuneration, whichever is less, thereby limiting recoverable amounts under section 140 to the lesser of those two figures.
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