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insurance update - risk management for accountants - November 2012

8 November 2012
In this update...
  • we consider the circumstances in which a taxpayer can use his accountants negligence as a defence in order to reduce a penalty imposed by HMRC
  • we look at the recent ICAEW guidance on tax avoidance
  • we consider the proposed changes to the code of ethics on whistleblowing
  • we look at the Financial Reporting Councils proposed amendmennts to disciplinary procedure
  • we review the recent Arrowhead v KPMG judgment which considers whether KPMG owed a duty to a third party funder when their involvement was referred to in their clients business plan

Download our full update here

focus on...

Legal updates

Non-payment of insurance premiums during the Coronavirus pandemic

The forced closure of many businesses as a result of the Coronavirus pandemic has had a huge impact on the nation’s Gross Domestic Product (GDP). Recent reports from the Office for National Statistics state that the economy was 25% smaller in April than it was in February this year.


Legal updates

Reinstatement for property damage losses – when does it apply?

The Court of Appeal has recently considered the correct test for measuring the indemnity for property damage losses and has provided useful guidance on whether an insured needs to intend to reinstate the property to its pre-loss condition.


Legal updates

Coronavirus (COVID-19) insurance considerations

With instances of COVID-19 rapidly increasing throughout the UK, many businesses are considering the options available to limit staff and customer exposure to Coronavirus.


Legal updates

Legal and regulatory newsletter - February 2020

Read our latest insurance newsletter for our clients and contacts across the financial services market with quarterly updates and insights on topical legal and regulatory issues.


The content on this page is provided for the purposes of general interest and information. It contains only brief summaries of aspects of the subject matter and does not provide comprehensive statements of the law. It does not constitute legal advice and does not provide a substitute for it.

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