‘Professional negligence claims are somewhat more susceptible to the many procedural pitfalls in civil litigation. Passage of time, lengthy negotiations before issue, insolvency.’
Gatehouse Chambers, 26th November 2024
Source: gatehouselaw.co.uk
‘In December 2023, the ICAEW Regulatory Board, along with the Professional Indemnity Insurance Committee (PIIC), began reviewing ICAEW’s insurance requirements. A consultation on the proposed changes was held from 18 October to 14 December 2023. After reviewing the feedback, the ICAEW has confirmed changes to the Professional Indemnity Insurance (PII) regime to take effect on 1 September 2024. This blog will explore the PII requirements, a summary of key changes and their purpose and impact.’
Kingsley Napley Regulatory Blog, 23rd September 2024
Source: www.kingsleynapley.co.uk
‘An accountant who was jailed for defrauding the NHS, companies and individuals, has been ordered to pay back nearly £240,000 and faces an additional 20 months in prison if he fails to pay.’
Crown Prosecution Service, 17th January 2023
Source: www.cps.gov.uk
‘An accountant who stole £1.7m from the Bermudan government is facing losing his pension as attempts to claw back money he took continue.’
BBC News, 26th November 2022
Source: www.bbc.co.uk
‘A chartered accountant has been jailed for exploiting a vulnerable victim out of money and assets worth £331,858.’
Crown Prosecution Service, 12th May 2022
Source: www.cps.gov.uk
‘Claimants wishing to bring a discrimination claim under the Equality Act 2010 must do so within 3 months of the discriminatory conduct. Claimants can bring their claim in respect of conduct extending beyond 3 months if the conduct was a sequence of events and the last chain in the event occurred within 3 months of the claim. But when is conduct extending over a period and when is the conduct simply a one-off act with continuing consequences? In Parr v MSR Partners LLP (Formerly Moore Stephens LLP) and Others [2022] EWCA Civ 24, the Court of Appeal held that an equity partner’s demotion to salaried partner was not a continuing act even if he suffered losses many years after the demotion. The demotion was the point at which limitation ran.’
Farrar's Building, 19th January 2022
Source: www.farrarsbuilding.co.uk
‘The auditor of Patisserie Valerie has been fined £2.3m and accused of a “serious lack of competence” over its role in the accounting scandal that led to the collapse of the cafe chain.’
The Guardian, 27th September 2021
Source: www.theguardian.com
‘In this post, Tim Sales, a partner in the Dispute Resolution team at CMS, and Hannah Jones, who works in the Tax team at CMS, comment on the decision handed down by the UK Supreme Court in the matter of Tinkler v Commissioners for Her Majesty’s Revenue and Customs [2021] UKSC 39, which concerned whether estoppel by convention applied to prevent the taxpayer disputing that HMRC had validly served a notice of enquiry.’
UKSC Blog, 25th August 2021
Source: ukscblog.com
‘The Supreme Court has unanimously allowed this appeal addressing whether a taxpayer is prevented from challenging the validity of an enquiry into their tax return by HMRC where both parties have proceeded, for nearly a decade, on the mistaken assumption that the enquiry was validly initiated by a letter sent to the taxpayer.’
UKSC Blog, 30th July 2021
Source: ukscblog.com
‘An accountant who defrauded the NHS, companies, and individuals out of more than £1.3 million has been jailed recently (15 April 2021) for multiple counts of fraud and theft.’
Crown Prosecution Service, 19th April 2021
Source: www.cps.gov.uk
‘An accountant who acted as a law firm’s part-time finance director through a company was a worker and not self-employed, even though he had another client, an employment tribunal has ruled.’
Legal Futures, 29th March 2021
Source: www.legalfutures.co.uk
‘The accounting watchdog has hit out at the UK’s largest auditors, after its annual inspection uncovered an “unacceptable” number of poorly executed company audits.’
The Guardian, 14th July 2020
Source: www.theguardian.com
‘The multimillionaire founder of Matalan is suing his accountants for allegedly giving him ineffective tax avoidance advice – weeks after his retail empire received tens of millions of pounds of taxpayer support during the Covid-19 pandemic.’
The Guardian, 20th May 2020
Source: www.theguardian.com
‘An accountant found to have “improperly” issued a report to the Solicitors Regulation Authority (SRA) about a law firm has been severely reprimanded by his regulator.’An accountant found to have “improperly” issued a report to the Solicitors Regulation Authority (SRA) about a law firm has been severely reprimanded by his regulator.’
Legal Futures, 3rd April 2020
Source: www.legalfutures.co.uk
‘The Solicitors Disciplinary Tribunal (SDT) has lifted practising restrictions on a finance director who was sanctioned less than three years ago, over the objections of the Solicitors Regulation Authority (SRA).’
Legal Futures, 11th November 2019
Source: www.legalfutures.co.uk
‘An expert witness who said in oral evidence that he saw his role as presenting his side’s case “in the most favourable light” has been criticised by the High Court.’
Litigation Futures, 27th August 2019
Source: www.litigationfutures.com
‘A critical part of any unfair prejudice petition is the valuation of the minority shareholding. Paul Mitchell QC and Nigel Burroughs of 4 New Square were counsel on different sides in Swain v Swains Plc, a case in which the expert share valuation evidence was taken concurrently. They look at the pros and cons of hot tubbing, and offer practical advice on how to approach the way experts should give their evidence.’
4 New Square, 22nd July 2019
Source: www.4newsquare.com
‘Chartered accountancy regulator the ICAEW has received a crumb of comfort from the lord chancellor in its long-running campaign to become a regulator of reserved legal activities. David Gauke revealed today that he has decided to grant an application for the ICAEW to become an approved regulator and licensing authority in relation to the administration of oaths.’
Law Society's Gazette, 22nd May 2019
Source: www.lawgazette.co.uk
‘The accountancy regulator should adopt a more open procurement policy when tendering for legal and professional services, a review assessing its clout has found.’
Law Society's Gazette, 18th December 2018
Source: www.lawgazette.co.uk
‘A litigation-focused legal and accountancy alternative business structure (ABS), which opened for business earlier this month, is set to benefit from an “explosion” in contested probate cases.’
Legal Futures, 10th December 2018
Source: www.legalfutures.co.uk
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