 |
 |
An auditor is usually a qualified accountant who inspects the financial records and practices of a business or other organisation. In regards to company and commercial matters this is a person who makes an independent report as to whether financial statements have been properly prepared to give a true and fair view of relevant financial affairs and a third party may therefore place reliance on that independent report when making financial decisions. An auditor is usually independent of both the business and of the accountants who prepare the financial statements. Unfortunately mistakes are sometimes made and auditors professional negligence has been responsible for some extremely large business frauds and spectacular company failures.
HELPLINE 0845 177 0509
To succeed in a claim for auditors professional negligence it is necessary to show that there existed a duty of care and that negligence caused direct financial losses. The duty of care usually exists in the normal client relationship or due to contractual terms. Negligence is a failure to act with reasonable skill and care. Damages that flow directly from the negligent action can be recovered however losses that are not reasonably foreseeable are deemed to be remote and cannot be claimed in an auditors professional negligence compensation action.
HELPLINE 0845 177 0509
Our solicitors deal with auditors professional negligence claims using the no win no fee scheme. You will not be asked to pay for any expenses nor to fund or finance the claim in any respect. We insure against costs orders and claims are therefore without any risk for our clients. If you would like free advice, from a qualified solicitor, without further obligation just complete the contact form or use the helpine.