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Accountants' Negligence and Liability

Accountants' Negligence and Liability

Author: Simon Salzedo; Tony Singla
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781780434865
Published In: September 2016
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

Accountants’ Negligence and Liability covers all the main areas of accountants’ legal liabilities, including audit liabilities to clients and others, tax and insolvency work and conflicts of interest.

Accountants’ negligence claims are often complex with claimants alleging negligence in relation to statutory and non-statutory audits, accounting advice, specified procedures reporting, due diligence reports and corporate finance reporting.

Accountants’ Negligence and Liability covers the difficult legal issues including the scope of losses for which the accountant may be liable with detailed reference to case law as well as money laundering and regulatory issues as they affect accountants.

The book looks at accountants’ negligence in relation to claims against accountants acting for corporations and accountants acting for individuals covering topics and case law of relevance and is aimed principally at accountants’ professional legal advisers, lawyers advising on claims against accountants and accountants.

Accountants’ negligence cases in the book include: Equitable Life v E&Y (2005), Moore Stephens v Stone Rolls Ltd (2009) and Assetco PLC v Grant Thornton UK LLP (2013).

Audit liability – to whom?

Audit liability – for what losses?

Audit liability – for what conduct - standard of care – watchdog/bloodhound or some other dog?

Audit liability – procedural aspects

Tax liabilities including regulatory risks

Insolvency liabilities

Other liabilities – due diligence, valuation, forensic work, expert witness work etc

Conflicts of Interest and confidential information

Relationships with regulators and potential liability therefrom

Limitation – time bar

Contributory fault

Contribution from others