An accountant, auditing a firm of solicitors, and providing a certificate to the Law Society knew that the Society and its compensation fund would rely upon that certificate and so owed it a duty of care. A negligently given certificate could lead to delay in discovery of malpractice and so increase the costs to the fund.
Sir Richard Scott, VC
Times 03-Nov-1999, Gazette 17-Nov-1999, Gazette 10-Nov-1999
England and Wales
Appeal from – Law Society v KPMG Peat Marwick and Others CA 29-Jun-2000
The respondent accountants had certified accounts for a firm of solicitors whose dishonest defaults later lead to substantial claims on the compensation fund set up by the claimants.
Held: The Law Society who collected funds from the . .
Cited – The Law Society v Sephton and Co and others CA 13-Dec-2004
The Society appealed dismissal for limitation of its claim against the defendant firm of accountants arising from alleged fraud in approval of a solicitor’s accounts.
Held: The liability did not arise until the Society decided to make . .
Lists of cited by and citing cases may be incomplete.
Professional Negligence, Legal Professions
Updated: 28 April 2022; Ref: scu.82965