Negligent Accountants – Professional Negligence Solicitors Compensation Claims

A professional negligence claim against an accountant is similar to all other profession negligence claims in so far as it is necessary to show that the negligent accountant has failed to exercise a reasonable degree of skill and car when compared to other accountants carrying out the same or similar work. The requirements on negligence are that the accountant must owe the client a duty of care which exists by virtue of the accountant agreeing to carry out work on behalf of the client, that duty must have been breached by the accountant failing to carry out the work with a reasonable degree of skill and care and the breach must have caused a direct financial loss.

Forensic Accountants

Almost all cases of professional negligence require a team of experts working towards the goal of proving that a negligent accountant failed to exercise reasonable skill and care. Some compensation claims for substantial financial awards as a result of accountant’s negligence may require evidence to be provided by an independent forensic accountant in order to prove liability.

Complaints against Accountants

Our professional negligence solicitors do not deal with complaints about poor service, bad attitudes or inadequate procedures. We deal with claims involving financial loss that has been or is likely to be sustained. In the event that you have a complaint against an accountant you should contact the relevant professional body for the accountant concerned who may be able to assist you however they are not able to offer compensation for which you must take advice from a professional negligence solicitor.

Professional Associations

Ireland has a large number of professional bodies for accountants of which nine are designated a Prescribed Accountancy Body and come within the supervisory control of the Irish Auditing and Accounting Supervisory Authority (IAASA). Of these nine outlined below, only the first six are Recognised Accounting Bodies approved to issue Audit Practice Certificates. A Recognised Accountancy Body is an accountancy body that has been granted recognition under the Companies Act 1990 and is permitted to perform audits under the Companies Acts.

  1. ACCA - Association of Chartered Certified Accountants
  2. ICAEW - Institute of Chartered Accountants in England & Wales
  3. ICAI - Institute of Chartered Accountants in Ireland
  4. ICAS - Institute of Chartered Accountants of Scotland
  5. ICPAI - Institute of Certified Public Accountants in Ireland
  6. IIPA- Institute of Incorporated Public Accountants
  7. AIA - Association of International Accountants
  8. CIMA - Chartered Institute of Management Accountants
  9. CIPFA - Chartered Institute of Public Finance & Accountancy

Free Legal Advice

We offer free legal advice without further obligation. If you would like to speak to a qualified solicitor who specialises in professional negligence litigation just call the helpline, or complete and send the contact form, or email our offices. If after talking to us you decide to proceed no further we will not ask you to pay any legal charges and we will not bother you further.