just reading about a legal case; Caparo Industries plc v. Dickman the defendent was an auditor who’s audited accounts were used to make decisions by the claimants who were investors buying shares in a company they had audited. The audited accounts turned out not to be an accurate reflection of the companys financial position, however claims made against the auditor were turned down by the house of lords due to a proximity rule.
This had me wondering if the house of lords wont hold auditors accountable then who does, I'm guessing the LSE has mechanisms to insure audited accounts are acurate, but how robust are they and if it goes wrong where do we go for compensation.

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