Negligence claims and the role of the forensic accountant


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If you are considering a negligence claim against an accountant, or other professional, it is worth bearing in mind that all aspects of your claim will require the close scrutiny of independent expert witnesses.

Forensic accounting

Forensic accounting is the highly specialised area of accountancy which looks into financial data in relation to some dispute, at both the preliminary and litigation phases.As such, forensic accountants should have a great deal of experience and skill in order to be able to negotiate the intricate vagaries inherent to the majority of disputes. This means that their observations and analyses must be to a standard which makes them suitable for use in a court of law.

Forensic accountants and claims against other financial professionals

Forensic accountants are frequently called in to assist and investigate negligence claims against accountants, auditors, and other financial professionals.The complex nature of financial cases require that forensic accountants are able to integrate their accounting and auditing abilities with lateral thinking and strong investigative skills - they are then able to give a considered and independent assessment of the defendant's standard of professional competence.The forensic accountant will seek to examine all relevant financial information, including reports, contracts, audits, and investment logs. Once all has been collated, calculated, and tabulated it should be made available for presentation to the court.

Claims against other professionals

Forensic accountants can also assist with claims against other kinds of professionals, including patent agents, surveyors, solicitors, and barristers, as well as engineers and architects. Their abilities can be useful in providing an estimate of the full scale of financial loss caused by the negligent act.

Keeping litigation at bay

Forensic accountants can also help keep a case out of the courts by providing their services at early stage mediation, arbitration, or alternative dispute resolution.

Healys professional negligence solicitors

Healys London and Brighton lawyers can bring dynamic and innovative solutions to help you ensure the best possible resolution in your negligence claim against an accountant or other financial professional.Get in touch with our partners today to discuss claiming compensation for your losses.

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