Podcast Location:
Download it here [file size: 39.5 MB]
Categories:
Litigation & Dispute Resolution
Professional Negligence
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This CPDcast aims to ensure that legal practitioners and other professional advisers are familiar with the practical steps than can be taken to minimise a professional’s risk of a professional liability claim.

Outcomes:
After completing the course you will:
  • Understand why it is important for accountants to manage risk;
  • Be aware of how a properly drafted letter of engagement can assist in managing risk;
  • Know which clauses an accountant’s engagement letter should contain;
  • Understand the steps that an accountant can take to reduce their liability to third parties who seek to rely on their advice/reports;
  • Be aware of the recent case law concerning a third party’s reliance on accountant’s reports;
  • Gain an understanding of the circumstances in which legal advice privilege extends to accountants.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Case Update
Practical Guide
Sources and References:
  • Hossein Mehjoo –v- Harben Barker (the firm) & Anor [2014] EWCA Civ 358;
  • Barclays Bank plc –v- Grant Thornton UK LLP [2015] All ER (D) 210 (Feb);
  • Royal Bank of Scotland –v- Bannerman Johnstone McClay (a firm) and others (2002), The Times, 23 July 2002;
  • Manchester Building Society –v- Grant Thornton UK LLP;
  • R (On the application of Prudential PLC and Anor) (Appellants) –v- The Special Commissioner of Income Tax and Another (Respondents) 2013 UK SC 1;
  • Taxes Management Act 1970.
Tags:

In this CPDcast, Sarah Conroy, a Partner at Beale & Company, looks at how accountants can manage risk and avoid claims before they arise. Sarah focuses on the steps that professional advisors can take using their letters of engagements, analyses the most recent case law and provides practical advice and guidance.

This course (podcast plus test) is accredited with 1 CPD hour for barristers at the Bar of England and Wales.

This course (podcast plus test) is accredited with 1 CPD point (0.5 for the podcast and 0.5 for completion of the test) for solicitors and legal professionals.

Podcast Length: 28:44

Date Recorded: 18th May 2015

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