Stephen Warne on professional negligence, regulation and discipline around the world

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Entries Tagged as 'Accountants and auditors'

ASIC sics solicitor

December 1st, 2009 · No Comments

In ASIC v Somerville [2009] NSWSC 934; [2009] NSWSC 998, ASIC successfully sought to have a legal practitioner of an incorporated legal practice which employed 49 people banned from managing companies.  The solicitor is an accredited business law specialist, a member of the Committee which awards such specialisation, the founding director of what he describes […]

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Tags: Accountants and auditors

Accountants’ advice is not protected by client legal privilege

December 1st, 2009 · No Comments

Update, 20 October 2010: the  decision was confirmed on appeal: Prudential Plc, R (on the application of) v Special Commissioner of Income Tax[2009] EWHC 2494 (Admin).  Here is a note from a firm named Hogan Lovells. Original post: Tax advice is given by lawyers and accountants alike.  Lawyers’ advice is privileged by legal professional privilege […]

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Tags: Accountants and auditors · Client Legal Privilege