Category: auditors

R (Veolia ES Nottinghamshire Ltd) v Nottinghamshire County Council (Shlomo Dowen and The Audit Commission for Local Authorities and the National Health Service for England, interested parties) – WLR Daily

Posted November 3rd, 2010 in accounts, auditors, confidentiality, human rights, law reports, local government by sally

R (Veolia ES Nottinghamshire Ltd) v Nottinghamshire County Council (Shlomo Dowen and The Audit Commission for Local Authorities and the National Health Service for England, interested parties) [2010] WLR (D) 273

“The right of ‘persons interested’ under section 15(1) of the Audit Commission Act 1998 to inspect the accounts to be audited and all books, deeds, contracts, bills, vouchers and receipts relating to them did not stretch, on the facts, to examination of commercially sensitive material which was protected by art 1 of the First Protocol of the European Convention for the Protection of Human Rights and Fundamental Freedoms.”

WLR Daily, 2nd November 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Bodies subjected to ICO audit will escape immediate fines – OUT-LAW.com

Posted February 12th, 2010 in auditors, data protection, fines, news by sally

“Privacy watchdog the Information Commissioner’s Office (ICO) has said that it will not use new powers to fine organisations for data protection law breaches if those breaches are discovered as part of one of its audits.”

Full story

OUT-LAW.com, 12th February 2010

Source: www.out-law.com

MPs attack ‘lax’ Legal Services Commission – Law Society’s Gazette

Posted February 2nd, 2010 in auditors, legal aid, legal services, news by sally

“The Public Accounts Committee has today lambasted the Legal Services Commission for its handling of legal aid funds.”

Full story

Law Society’s Gazette, 2nd February 2010

Source: www.lawgazette.co.uk

Stone & Rolls Ltd (in liquidation) v Moore Stephens (a firm) – WLR Daily

Posted August 3rd, 2009 in auditors, company law, fraud, law reports by sally

Stone & Rolls Ltd (in liquidation) v Moore Stephens (a firm) [2009] UKHL 39; [2009] WLR (D) 277

“A company, which was in the exclusive control of its sole director and shareholder so as to be primarily liable for frauds committed against third parties, could not bring an action for damages against its auditors on the basis that they had failed to detect ‘the very thing’, namely its fraudulent activities, they were engaged to prevent since any such claim would be based on the company’s own illegal conduct and was accordingly debarred by the principle of ex turpi causa non oritur actio.”

WLR Daily, 31st July 2009

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Auditors plead for help amid fear of lawsuits – The Times

Posted April 27th, 2009 in auditors, news by sally

“Leading accountants will meet the Government this week to plead for protection as they prepare for a surge in litigation from investors trying to recover their losses from big company failures.”

Full story

The Times, 27th April 2009

Source: www.timesonline.co.uk

Watchdog to investigate XL auditors – The Guardian

Posted October 16th, 2008 in accounts, auditors, disciplinary procedures, news by sally

“The auditors of the collapsed tour operator XL Leisure are to be investigated by the profession’s disciplinary watchdog after a request from Britain’s largest accountancy institute.”

Full story

The Guardian, 16th October 2008

Source: www.guardian.co.uk