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Searching Content indexed under Accounting and Audit by Richard Curd ordered by Published Date Descending.
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Auditors´ Liability For Failure To Identify Fraud
In an important decision last week, the Court of Appeal considered whether or not a company which had committed fraud could nevertheless claim against its own auditors for failing to detect and report that fraud.
UK
30 Jun 2008
2
Auditors´ Negligence: Liability To Company And Shareholders
A recent case has considered the standard of care owed by auditors.
UK
2 Jun 2008
3
Insolvency Exposure For Professional Indemnity Insurers
In an important judgment for professional indemnity insurers, the Court has decided that whilst discharge from bankruptcy will mean that a client can no longer pursue a bankrupt professional in respect of his bankruptcy debts (including potential liability for professional negligence) it is possible for the client to pursue the bankrupt’s professional indemnity insurers direct under the Third Parties (Rights Against Insurers) Act 1930 using the proof of debt mechanism.
UK
18 Dec 2007
4
Auditors´ Liability For Failure To ´Blow Whistle´ On Fraud
In an important decision, the Commercial Court considered whether or not a company which had perpetrated a fraud could claim against its auditors for failing to detect and report that fraud. Even though this involved the company relying on its own fraud, the Court nevertheless held that it could continue with its claim against the auditors.
UK
26 Nov 2007
5
Auditors: Meet The Parents
In our Law-Now dated 15.03.06 “Auditors and Third Party Liability - Judicial Reassurance” we reported on the first instance decision in Man Nuzfahrzeuge AG and Others v Freightliner Ltd and Others [2005] EWHC 2347 in which a multi million pound claim was dismissed.
UK
27 Sep 2007
6
Insolvency Practitioners Should Strike Early To Strike Out
Following a liquidation or other insolvency procedure, insolvency practitioners may find themselves in the line of fire from disappointed claimants. As a result IPs, are often the targets for complaints and subsequently, litigation; in many respects this goes with the territory.
UK
5 Dec 2006
7
In The Event Of A Big 4 Failure What Are The Opportunities For Mid-Tier Audit Firms?
The Companies Act 2006 received the Royal Assent yesterday including the provisions enabling auditors in the UK to limit their liability by contract with their audit clients...
UK
10 Nov 2006
8
Auditors and third party liability – judicial reassurance
The issue of auditors’ liability to third parties has been brought sharply into focus recently with The Company Law Reform Bill which embodies some significant changes in relation to auditors’ liability, namely the ability to negotiate "Liability Limitation Agreements".
UK
 
16 Mar 2006
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