Charted Accountants are highly skilled financial professionals. Individuals and businesses employ the services of Accountants for many reasons, including to advise on financial and tax-related matters.
When an Accountant makes a mistake, the financial consequences can be extremely serious for an individual or business. It can also cause reputational damage and place you in a very comprising position with the HMRC with regards to tax liabilities owing, leading to potential fines.
If your Accountant has caused you financial loss, we must be able to show it was due to the Accountant’s negligence, not other events.
This can sometimes be difficult to prove, and the Accountant may attempt to defend any claim for loss against them. Therefore to robustly prove a causal link between their negligent actions and your loss, we may need to obtain expert evidence from an independent Accountant who is accustomed to the Civil Procedure Rules of England and Wales.
The expert independent Accountant will prepare a report on your behalf. This is to demonstrate and prove that on the evidence and facts of the case, the negligent Accountant caused the financial loss. This expert report will then be used as evidence before a court in support of any claim for financial loss.
The most common Accountant negligent errors are:
We must be clear that we are not able to assist you if the service which you have been provided is simply poor, unless you have suffered financial loss. If this is the case, you may be able to submit a formal complaint; please refer to our ‘Negligence or just a complaint’ page for further information.