Accountancy Newsletter February 2015

Published 26 febrero 2016

The Financial Reporting Council – insurance issues

The Financial Reporting Council is the independent disciplinary body for accountancy firms and actuaries in the UK. It provides a level of regulation for cases which are considered more serious and have a public interest element, other cases being dealt with by the ICAEW for most accountants.

Standard of care and loss of a chance

The 'Google' Diverted Profits Tax

In a regular feature, we set out the latest developments in HMRC's campaign against tax avoidance.

A recent decision in the High Court case of Altus Group (UK) Ltd [2015] has provided useful guidance for accountancy firms.

HM Government's new anti-avoidance proposal looks set to come into force from 1 April 2015.

Latest news and developments at the FRC

For in-house counsel

A recent case, addressing the scope of an accountant's duty to an investor in a firm which the accountant advised, is under appeal.

We report today on insurance issues for accountants in relation to FRC investigations.

A number of recent developments may have an impact on disputes which get as far as formal litigation.

Richard Highley

London - Walbrook

+44 (0)20 7894 6470

rhighley@dacbeachcroft.com

Ross Risby

London - Walbrook

+44 (0)20 7894 6910

rrisby@dacbeachcroft.com

Julian Miller

London - Walbrook

+44 (0)20 7894 6859

jmiller@dacbeachcroft.com

For in-house counsel: practical implications of managing litigation

By Ross Risby

The Jackson reforms were aimed at increasing the efficiency and reducing the costs of litigation…