What is audit negligence?
An audit should be an objective and comprehensive examination of a company’s finances resulting in an auditor’s report. Whilst it is, of course, the company retaining the auditor, increasingly the opinion of any auditor is being relied on by people outside the business. However, sometimes auditors make negligent mistakes – and when this happens, the company, or any 3rd party relying on that audit, there can be a huge price to pay.
Professional negligence claims against auditors are often brought either by the company concerned alternatively, by any third-party to whom auditors have vouched the accuracy of the audit – such as the purchasers of an audited business.
Anyone considering making a professional negligence claim against a negligent auditor will need specialist legal advice. Our professional negligence team can help – by initially assessing whether any claim is likely to succeed, and if so, establishing your case for compensation.
Types of Audit Negligence
Perhaps the 2 most commonly found subjects of auditor negligence are:
- Negligent failure to identify employee fraud during an audit
- Negligent audits of a company’s accounts
Victim of Audit Negligence? Looking for Compensation? Contact Us Now
Wherever your business is based in England and Wales, if you think you may have been the victim of a Negligent Audit, and have lost out financially as a result contact our specialist Professional Negligence Lawyers today.
We can both take your instructions and advise you either by phone, e-mail or Skype, or in a face-to-face meeting in our offices in Hampshire, Wiltshire and Dorset.
For a FREE phone advice about Audit Negligence please call
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