July
Articles matching "accountants' liability"
Guidance on the Guidance: The Court of Appeal interprets the FRC Guidance on the delivery of Formal Complaints
In the recent case of Baker Tilly UK Audit LLP and Ors v Financial Reporting Council and Ors [2017] EWCA Civ 406, the Court of Appeal considered the factors that the Financial Reporting Council…
Read moreDisclaimer in audit reports: Preventing claims by third parties
In Barclays Bank Plc v Grant Thornton UK LLP [2015] EWHC 320 (Comm) the Court was asked to consider whether a disclaimer in non-statutory audit reports was sufficient to prevent a Bank bringing a…
Read moreJudicial review of FOS jurisdiction
The High Court considered a challenge by a firm of accountants against a decision of FOS relating to the handling of a complaint received in respect of a film finance scheme.
Read moreLatest edition of professional conduct in relation to taxation released
On 1 May 2015, the various professional bodies overseeing accountants and tax advisors (including ICAEW and ACCA) published updated guidance titled “Professional Conduct in Relation to Taxation”(‘the…
Read moreTax avoidance clampdown: new powers
In our Accountants Update of 1 August 2014 we looked at how in recent years the Government has clamped down on tax avoidance schemes. Our Update focused on some of the new measures and strengthened…
Read moreAvoidance of loss: a review of Swynson Limited v Lowick Rose LLP (in liquidation)
This Court of Appeal decision provides useful guidance on how to assess damages when a claimant has avoided loss without taking steps to mitigate.
Read moreCausation: a key element to any professional negligence claim
The Defendant Accountants failed to give appropriate advice to the Claimant on certain changes introduced by the Corporation Tax Act 2009. The Claimant alleged that had it been appropriately advised,…
Read moreHMRC penalties: Taxpayer’s reasonabale reliance on actions of accountant as agent
In Stephen Taylor v Revenue & Customs Commissioners [2015] UKFTT 182 (TC) a taxpayer had a reasonable excuse for the late filing of his tax return where his agent had failed to submit the return…
Read moreWho watches the watchers? Challenging a disciplinary investigation through the court
The recent case of R (on the application of (1) Baker Tilly UK Audit LLP (2) Richard Hamilton King (3) Steven Laurence Railton) v (1) Financial Reporting Council (2) Financial Reporting Council…
Read moreChanges to the ICAEW minimum terms
Since 1 January 2014 the ICAEW has amended its minimum insurance terms for its members, albeit in two very specific ways.
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