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DACB’s Audit Liability Round-up for 2020

United Kingdom, USA - December 17 2020 Those following the world of audit may think there is little Christmas cheer on offer for auditors going into 2021, but we will do our best to add…

Julian Bubb Humfryes.

The Court of Appeal applies SAAMCO principles to audit claims

United Kingdom - December 17 2020 The Court of Appeal’s recent decision in AssetCo plc v Grant Thornton UK LLP [2020] EWCA Civ 1151, applied the SAAMCO principle to a…

Benson Egwuonwu.

Sports Direct and Legal Privilege - the saga continues

United Kingdom - December 17 2020 Last year we reported on the High Court’s first instance decision compelling the disclosure of privileged information by an audit client to the…

Jamie Tomlinson, Julian Bubb Humfryes.

Supreme Court rules on the illegality defence - Stoffel & Co (Appellant) v Grondona (Respondent) [2020] UKSC 42

United Kingdom - December 17 2020 When does illegal conduct by a claimant prevent recovery of civil damages? Put another way, how does the court balance two competing policies: (1)…

Naomi Park, Philip Murrin.

Significant extensions to the duty to self-report misconduct - the new ICAEW guidance

United Kingdom - December 17 2020 As all accountants are aware, their regulator, the Institute for Chartered Accountants of England and Wales (“ICAEW”), imposes a duty on its members…

Jamie Tomlinson, Julian Bubb Humfryes.