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Whether accountants are obliged to disclose confidential information

A recent High Court case has confirmed that accountants are under no obligation to disclose information confidential to one client to another client either generally or in circumstances where a conflict of interest arises. This is even the case where fraud is suspected on the part of one client and the accountant might be expected to report matters to the appropriate authorities or resign their retainer.

In this context the Judge contrasted the position of accountants with that of solicitors who act “in a different professional, regulatory and ethical context to an accountant”.

Harlequin Property (SVG) Limited –v- Wilkins Kennedy (a firm) [2016] 3188 EWHC (TCC)

For further information relating to this article, please contact Simon Lockley.

Please note this information is provided by way of example and may not be complete and is certainly not intended to constitute legal advice. You should take bespoke advice for your circumstances.

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