Welcome to Reed Smith’s accountancy forum newsletter. This newsletter will cover a range of issues affecting accounting firms, with a core focus on liability and regulatory risk. In this edition, we provide an update on the Kingman Report and where we are on damages in audit negligence cases in light of some recent judgments. Please do get in touch with any questions and let us know if there’s a particular issue/case that you’d like us to cover in an upcoming edition, we would love to hear from you.
In this issue...
- The Kingman Report
- Assessment of damages in audit negligence cases - the implications of Manchester Building Society v Grant Thornton UK LLP (MBS) and AssetCo PLC v Grant Thornton UK LLP (AssetCo)