WebSep 4, 2024 · Grant Thornton (“GT”) was instructed to audit AssetCo’s financial … WebSep 21, 2024 · Following its decision last year in Manchester Building Society v Grant Thornton UK LLP [2024] EWCA Civ 40, the Court of Appeal has handed down another judgment analysing issues of scope of duty, and... January 10, 2024
SAAMCO Returns: application of the principle to negligent audit claims
WebSep 22, 2024 · The scope of an auditor's duty and the 'loss of chance' principle was examined by the Court of Appeal in its August 2024 judgment in AssetCo Plc v Grant Thornton UK LLP [2024] EWCA Civ 1151. We previously reported on the first instance decision in our February 2024 Accountants' On Point. WebSep 21, 2024 · Background. AssetCo Plc and its subsidiaries carried on business related to fire and rescue services. Grant Thornton (GT) were appointed to audit the accounts of AssetCo for the years ending 31 March 2009 and 31 March 2010. GT admitted that, during its audit work, it failed in its duty to identify certain instances of management fraud. iphone 13 does not turn on
AssetCo plc v Grant Thornton Essex Court Chambers
WebJan 31, 2024 · In a reserved judgment handed down on 31 January 2024 in AssetCo plc v Grant Thornton [2024] EWHC 150 (Comm), Mr Justice Bryan awarded substantial damages to the Claimant arising from the Defendant’s breaches of duty as the Claimant’s auditors for the financial years 2009 and 2010. The judgment addresses a number of … Webcontracts or grant agreements and any supplemental requirements imposed by the pass-through entity Monitor subrecipients’ activities as necessary to ensure that Federal awards are used for authorized purposes in compliance with laws, regulations, and the provisions of contracts or grant agreements and that performance goals are achieved. WebOct 16, 2024 · The Court of Appeal has recently considered the application of the SAAMCO principle in the context of an audit negligence case in AssetCo plc v Grant Thornton UK LLP.The SAAMCO principle established in the landmark professional negligence case of South Australia Asset Management Corporation v York Montgue Ltd [1997] that where a … iphone 13 display pixel