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Livent v. Deloitte: Implications For Auditor Responsibility, Governance and Canadian Public Companies

Monday, January 22, 2018

The Supreme Court of Canada’s decision in Livent v. Deloitte, released on December 20, 2017, explores questions relating to auditors’ responsibilities in cases where senior executives of a corporation have committed fraud. To whom do auditors owe a duty? What is the scope of this duty? What are the implications of the Supreme Court’s holding for governance within Canadian public corporations? Our panel of experts will review the case, the decision and its implications with prepared remarks, discussion and Q&A.

Moderator: Anita Anand, Capital Markets Institute & Faculty of Law UofT

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Panelists:
Jeremy Fraiberg, Osler LLP
Janet McFarland, Globe & Mail
Kim Shannon, Sionna Investment Managers & Board Member, CCGG

Session Chair: Alexander Dyck, Capital Markets Institute & Rotman School of Management

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Additional Resources:
Supreme Court of Canada Decision Deloitte & Touche v. Livent Inc.
Supreme Court says Livent auditors liable but sets conditions, Globe & Mail, Dec 20, 2017
Supreme Court of Canada Docket 36875 Deloitte v. Livent

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