Looking for some certainty in an often-uncertain field, public companies are increasingly disclosing auditor agreements that place a monetary cap on any liabilities that may arise from accounting problems.
According to published reports, since the start of 2006 more than 90 companies have disclosed such liability agreements with their auditors, which would limit the companies' ability to hold outside auditing firms responsible for any problems with the books. Prior to this year, that number was closer to a handful.
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