Finance & markets · 15/02/2006Updated: 10/17/2026 · 1 min read
Interagency Advisory on the Unsafe and Unsound Use of Limitation of Liability Provisions in External Audit Engagement Letters
Summary
The US government has issued an advisory warning auditors against using limitation of liability provisions in external audit engagement letters, citing potential risks to audit quality and investor confidence.
Original source language: Federal Register — Office of the Comptroller of the CurrencyOpen original release →