Most of us instruct accountants to manage our personal or businesses finances. If you believe your accountant has acted negligently, you may be able to claim compensation.
To speak to a member of our professional negligence team, call us on 01924 457171 or fill in the form at the bottom of this page and we’ll be in contact for a free consultation.
How does an Accountant act negligently?
Accountants can be instructed to advise both individuals and businesses on a variety of different matters such as tax advice, tax returns, investment advice, audits or preparing accounts.
As with any other professional you instruct, accountants have a duty of care to their clients and are expected to perform their role with the skill and care that would be expected of a reasonably competent accountant.
There are two professional bodies that regulate the majority of accountants in England and Wales. Chartered Accountants are regulated by the Institute of Chartered Accountants in England and Wales (ICAEW) and Certified Accountants are regulated by the Association of Certified Chartered Accountants (ACCA). Both of these regulatory bodies have formal complaints procedures that allow complaints to be raised, however if the complaints procedure has not rectified the issue, professional negligence claims can be brought against accountants through the courts.
Examples of Accountants acting negligently?
- Failure to draw up accounts adequately
- Failure to give the correct tax advice
- Failure to file tax returns and/or accounts on time
- Failure to advise on tax regulations
- Failure to correctly value company assets
- Failure to advise correctly on investments
These are not the only ways your accountant may have acted neglected.
If you’d like to find out more or talk to a member of our professional negligence team, call us on 01924 457171 or fill out the enquiry form below.
Frequently Asked Questions
These cases are subject to time limits imposed by statute law, so contact us as soon as possible and we will advise how it will apply to your circumstances.
Depending on your circumstances, we may be able to offer a conditional fee (or no win/no fee) agreement or alternatively a fixed fee agreement.