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.

 

Related Links

RPC

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData