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March 28, 2010

A rise in professional negligence claims

There was a significant rise in the number of professional negligence claims in the UK against accounting firms last year according to law firm Reynolds Porter Chamberlain LLP (RPC).

There were a total of 13 negligence claims against accountancy firms last year, compared with 0 for the last two years and four in the past five.

Negligence claims against accountants have included failure to spot fraud when auditing, over-valuing company assets and tax advisers negligently miss sold schemes designed to mitigate or defer income or capital gains tax.


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