MPs attack ‘lax’ Legal Services Commission – Law Society’s Gazette

Posted February 2nd, 2010 in auditors, legal aid, legal services, news by sally

“The Public Accounts Committee has today lambasted the Legal Services Commission for its handling of legal aid funds.”

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Law Society’s Gazette, 2nd February 2010


Stone & Rolls Ltd (in liquidation) v Moore Stephens (a firm) – WLR Daily

Posted August 3rd, 2009 in auditors, company law, fraud, law reports by sally

Stone & Rolls Ltd (in liquidation) v Moore Stephens (a firm) [2009] UKHL 39; [2009] WLR (D) 277

“A company, which was in the exclusive control of its sole director and shareholder so as to be primarily liable for frauds committed against third parties, could not bring an action for damages against its auditors on the basis that they had failed to detect ‘the very thing’, namely its fraudulent activities, they were engaged to prevent since any such claim would be based on the company’s own illegal conduct and was accordingly debarred by the principle of ex turpi causa non oritur actio.”

WLR Daily, 31st July 2009


Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Auditors plead for help amid fear of lawsuits – The Times

Posted April 27th, 2009 in auditors, news by sally

“Leading accountants will meet the Government this week to plead for protection as they prepare for a surge in litigation from investors trying to recover their losses from big company failures.”

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The Times, 27th April 2009


Watchdog to investigate XL auditors – The Guardian

Posted October 16th, 2008 in accounts, auditors, disciplinary procedures, news by sally

“The auditors of the collapsed tour operator XL Leisure are to be investigated by the profession’s disciplinary watchdog after a request from Britain’s largest accountancy institute.”

Full story

The Guardian, 16th October 2008