How our accountant negligence specialists can help

accountant negligence frequently asked questions

Most accountants in England and Wales are recognised by either the Association of Certified Chartered Accountants (ACCA) or the Institute of Chartered Accountants in England and Wales (ICAEW). Both of these bodies operate a complaints function where clients can issue a grievance if they are not happy with how their accountant has dealt with their matter. This usually refers to unsatisfactory advice whereas the legal approach takes a complaint a step further to negligent advice. This means that there is an argument that the accountant has not acted in a way that utilises the necessary care and skill required of them. If you believe your accountant has been negligence we may be able to help you recover your losses.
You normally have six years from the date of neglect to bring a professional negligence accountancy compensation claim but this can vary depending upon the circumstances of your case. This time limit is called a limitation period. Whilst there are time limits it is best to not delay speaking to a professional neglect solicitor if you believe you have grounds for professional negligence compensation claim as it is better to discuss potential claims early on.
If your accountant undervalued your company, which, in financial terms, means it had a stock price lower than its asset value and/or earning potential, then its shares may have been disposed of at a lower price than they should have been. This may leave your company at a loss.

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