Accountants Clients Should Benefit From Legal Clients Privilege
The Institute Of Chartered Accountants (ICAEW) has demanded that Tax advice from accountants be kept confidential, as it for tax advice from solicitors.
The ICAEW were appearing in court to argue the case for legal privileges, Charles Flint QC, representing ICAEW said:
“You can’t distinguish between the two; they are performing the same function in the same context.”
Flint also argued that you cannot distinguish the quality of advice apart from what is set apart in training, the case is part of an appeal against a judgement that was passed to the Prudential Insurance Company over advice given to them by their accounting team.
The case continued Today when the court was expected to hear from the Law Society who will put forward their argument that privacy should be retained by the legal profession.
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