Accountants' Negligence
Accountants in England & Wales are either regulated by the Association of Certified Chartered Accountants (“ACCA”) or the Institute of Chartered Accountants in England & Wales (“ICAEW”). If you or your business have suffered loss as a result of your accountant’s negligence, we have expertise in accountants’ negligence matters and will assist you seeking the compensation that you deserve.
Call us today on 01992 300845 for a free initial consultation.
Some areas where accountants’ negligence cases arise are:
- Incorrect tax advice that has resulted in penalties or losses
- Acting upon wrong advice from an accountant
- Missed time limit to file a tax return
- Failure to identify fraud or misappropriation of funds
- Company assets valued incorrectly
- Negligent audits/overvaluation of company assets
How much will it cost to bring a professional negligence claim?
Each case is different, but there are generally three ways to fund a professional negligence claim:
1) use existing insurance that may be held with your home, motor policy or with a trade union;
2) enter into a “No Win, No Fee” Agreement where our fees are met by the other side once the case is won, save for disbursements; or
3) pay privately on an hourly rate or fixed-cost basis.
DJS Law Solicitors will discuss all funding options with you and agree the approach that is most suitable for your circumstances.
How long do I have to make a claim?
Court proceedings will have to be issued within six years of the date of the cause of action (i.e. when you had sufficient knowledge of the material facts about the damage). In certain circumstances s.14A of the Limitation Act 1980 can be used to extend the limitation period for a further three years from the date of awareness that a loss had been suffered, up to a maximum period of 15 years from the date that the cause of action arose.