Can an auditor give a disclaimer to limit their liability?

Avoiding liability to third partiesIn many cases, there are no steps which an accountant canreasonably take to limit the circulation of his or her work or theuse which is made of it. Some documents, such as the reportsof auditors of public companies, are by their nature incapable ofbeing restricted in this way. In other cases, however, there may besteps that an accountant can take to reduce his or her exposureto the claims of third parties. These cases cannot be exhaustivelydefined but the following are some of the more importantexamples of them.