Reed Smith Newsletters

Welcome to Reed Smith’s Accountancy Forum newsletter. This newsletter covers a range of issues affecting accounting firms, with a core focus on liability and regulatory risk. Please do get in touch with any questions. If there is a particular issue or case that you would like us to cover in an upcoming edition, we would love to hear from you.

In this issue...

Lead article

  • Restoring trust in audit and corporate governance: consultation on the government's proposals

Case notes

  • SAAMCO relegated – the Supreme Court reformulates the principles for determining the scope of duty of care of the negligent professional
  • Berkeley Square Holdings v. Lancer Property Asset Management – incremental development vs principled extensions in the ‘without prejudice’ rule

Industry news

  • HMRC consultation on raising standards in the tax advice
  • The eternal sunshine of the spotless mind? Major changes to witness statement preparation process in English High Court litigation
  • Audit reform – ISA 240 and beyond
  • FRC culture conference