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

Tax advice is given by lawyers and accountants alike.  Lawyers’ advice is privileged by legal professional privilege (also known as client legal privilege), but accountants’ advice is not, at least not under the advice limb. If you ever need authority for that proposition, it is Regina (Prudential plc and Another) v Special Commissioner of Income [...]

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Tags: Accountants and auditors · Client Legal Privilege