If you own a business, then you undoubtedly rely heavily on your accounts to make decisions regarding the short and long terms. Accounts also must be current and detailed in order to calculate taxes and accurately value the company.
Professional negligence, whether by an architect, surveyor, accountant or solicitor, can take many forms. Failure to meet contractual obligations, giving wrong advice, inadequate or incorrect planning, failure to obtain proper planning permission, breach of regulations, undervaluing a legal claim, poor preparation of a legal case, failure to produce correct documentation in a legal case -- these can all lead to claims of professional negligence.
For many people who have been harmed because of professional negligence, the initial trouble is that they don't know how to start the process of holding the negligent party to account. To whom does one turn when faced with financial harm caused by the faulty work of an accountant, architect, surveyor, solicitor or other professional?
If you hire an accountancy firm, then you undoubtedly have a reasonable expectation that the firm's services will be adequate to the needs of your business. You certainly don't expect that an accountant's work will be the direct cause of losses. However, accountant negligence is a reality, and when it results in losses to your business, it may be necessary to sue the firm in order to recover damages.
Professional negligence, whether by an accountant, solicitor or surveyor, can have devastating consequences for a business or an individual. If you have a claim of professional negligence, then a number of important steps must be taken to maximize the amount of compensation you receive.