‘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
‘BHS’s accounts were misleading and featured unrealistic forecasts before Sir Philip Green sold the now collapsed department store chain, according to a report into the role of the retailer’s auditor, PwC.’
The Guardian, 15th August 2018
Source: www.theguardian.com
‘The Solicitors Regulation Authority (SRA) should investigate whether there are regulatory barriers to law firms that become alternative business structures (ABSs) providing other professional services such as accountancy and surveying, rather than vice versa, a report it commissioned has recommended.’
Legal Futures, 10th May 2018
Source: www.legalfutures.co.uk
‘Accountants, bankers and lawyers will face penalties if they fail to report aggressive tax avoidance schemes that help companies or individuals move money to offshore havens, under a new European Union law.’
The Guardian, 13th March 2018
Source: www.theguardian.com
‘The Institute of Chartered Accountants in England and Wales (ICAEW) has launched judicial review proceedings against the Ministry of Justice (MoJ) over the decision to deny its members the right to conduct litigation, advocacy and legal instruments work, Legal Futures can reveal.’
Legal Futures, 6th March 2018
Source: www.legalfutures.co.uk
‘A forensic accountant has a number of functions. If they are the single joint expert (SJE) in the context of divorce proceedings, their job is usually going to be to value one or more of the parties’ business assets.’
Family Law, 13th December 2017
Source: www.familylaw.co.uk
‘The UK’s accounting watchdog is hoping to make it easier to prosecute accountants after it was slammed for letting KPMG off the hook over its audits of HBOS just before the financial crisis.’
Daily Telegraph, 30th November 2017
Source: www.telegraph.co.uk
‘In Higgins and others v (1) ERC Accountants and Business Advisers Ltd and (2) Granite Tax Ltd [2017] EWHC 2190 (Ch) His Honour Judge Pelling QC, sitting as a judge of the High Court, dealt with various applications relating to service of claim forms.’
Zenith PI Blog, 25th September 2017
Source: zenithpi.wordpress.com
‘New UK regulations have been published that significantly extend the duty to report financial sanctions breaches. Previously only banks, financial institutions, certain EEA credit institutions, and currency exchange businesses were obliged to report, but the duty now applies to a far broader range of professions and sectors.’
OUT-LAW.com, 14th August 2017
Source: www.out-law.com
‘Partners at a leading personal injury law firm have lost a professional negligence action against the accountants who recommended they sign up to two ultimately unsuccessful tax mitigation schemes.’
Legal Futures, 5th June 2017
Source: www.legalfutures.co.uk
‘The Supreme Court has now ruled on the tricky “no loss” arguments raised in this accountant’s negligence claim, reversing the decision of the lower courts. Nicola Rushton of Hailsham’s professional negligence team considers the implications.’
Full story (PDF)
Hailsham Chambers, 13th April 2017
Source: www.hailshamchambers.com
‘The Lord Chief Justice has outlined his “strong opposition” to a bid to allow accountants to handle tax litigation and advocacy work – and in return come under fire from the body that would regulate them.’
Legal Futures, 21st February 2017
Source: www.legalfutures.co.uk
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