Accountants, auditors and insolvency practitioners

We can help solve accountancy related claims, whether they are against a top 10 firm or a sole practitioner.

We have defended auditors for:

  • Claims alleging material misstatement
  • FRC fines and regulatory issues
  • Allegations of joint venture or negligence in film finance and tax avoidance schemes
  • Negligent tax advice generally
  • All kinds of general accountancy issues

We advise on a range of claims including audit, tax advice, trusts, bookkeeping and valuation errors, and regulatory and disciplinary actions.

Our full service capability means we have specialists across the vast majority of financial legal disciplines, including banking and finance, corporate, charities, insolvency, pensions, tax and trusts.

We are regularly instructed to advise and represent insurers in relation to policy coverage.

Our lawyers

Our UK-wide footprint and our network of international leading full service law firms enable us to obtain advice and representation for our clients across virtually all jurisdictions. 

Our experience

  • We defended a boutique tax firm in a £6million claim alleging negligent tax advice in relation to various tax mitigation schemes such as a FURBS; a film finance scheme; an investment in a software company; and a bonus scheme involving the use of loan notes. The claim was dropped after significant chunks of the case were struck out by the court.
  • We resolved a £60million claim against an insured auditor brought by liquidators of a company against an auditor facing a claim that the financial statements were not a true and fair view of the financial performance of the company, with numerous irregularities in valuations in breach of accounting principles. The company had been victim to a significant fraud.  
  • We have recently defended a regional firm of insolvency practitioners in relation to a litigated claim for over £10million arising out of the administration of a business. The claim involved allegations of breach of contract and confidentiality and negligence.

Reported cases include Dhillon v Siddiqui [2008] EWHC 2020 (Ch); Matthew & Ors v Sedman & Ors [2017] EWHC 3527 (Ch); The Building and Engineering Services Association v Armstrong Watson [2014].

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