6
ON
FRIDAY, OCTOBER 14, 1988
THE SUBJECT THE
ALSO ADDRESSED ATTORNEY GENERAL ACCOUNTANT'S CONTRACTUAL DUTY OF CONFIDENCE TO HIS CLIENTS.
HE SAID THERE WERE SIGNS THAT
INTERFERENCE STATUTORY
OF AN
PUBLIC INTEREST CONSIDERATIONS
THE WITH
PROFESSIONAL MAY YET DEMAND RELATIONSHIP OF CONFIDENTIALITY BETWEEN AN ACCOUNTANT AND HIS CLIENT.
"IF
THE NEW DRUGS
ASSETS
IT
IS CONFISCATION LEGISLATION
TO BE A INTRODUCED HERE IN SUBSTANTIALLY THE SAME FORM AS IT EXISTS IN THE UK,
OFFENCE AN THERE WILL BE A PROVISION WHICH WILL MAKE
SECURE ANY ASSETS OR PARTY TO ANY TRANSACTION DESIGNED TO PRESERVE GENERATED BY DRUGS TRAFFICKING IF YOU KNOW OR SUSPECT THAT THE ARE IN FACT DRUGS RELATED," HE SAID.
ASSETS
WHETHER ACCOUNTANTS THIS LEADS TO THE QUESTION OF LEGALLY BOUND TO REPORT FRAUD WHEREVER AND WHENEVER THEY IT DURING AN AUDIT, HE SAID.
SHOULD
BE
COME ACROSS
MR MATHEWS SAID THERE WERE ARGUMENTS FOR AND AGAINST
REPORTING.
MANDATORY
WHICH 1 HAVE REQUIRED,
OTHER
REGULATION TOWARDS IF THE TREND "HOWEVER, INDICATED CONTINUES, AND YOUR MEMBERS ARE BY WHATEVER MEANS
AND OF FRAUD EVIDENCE REPORTING INTO CAJOLED COAXED OR SERIOUS FINANCIAL MISCONDUCT WHEREVER AND WHENEVER THEY FIND IT, WHAT PROTECTION WILL THEY HAVE IN THE WIDE WORLD WHEN THE CHILL
FOR LOSS BLOWS AND CLIENTS SEEK DAMAGES OF CIVIL LITIGATION REPUTATION THROUGH NEGLIGENT OR MALICIOUS REPORTING?" HE SAID.
THEN WIND
OF
OPTIONS. FIRST,
THE
THERE SEEMS
BE THREE ΤΟ
FROM MR MATHEWS SAID INCREASES IN INSURANCE COVER, SECOND, STATUTORY PROTECTION CONSEQUENCES OF DISCLOSURE AND THIRD, THE LIMITATION OF LIABILITY.
THE
OF ARGUE IN FAVOUR MIGHT WHILE ACCOUNTANTS THEMSELVES
THE NOT HE DID
SEE SAID, OPTIONS MR MATHEWS
THEM SECOND AND THIRD
TO SAVE LEGISLATION DESIGNED
EITHER GOVERNMENT NECESSARILY ENACTING
OF NEGLIGENT OR MALA-FIDE REPORTING FROM THE CONSEQUENCES
THE GOVERNMENT WITHIN OR OUTSIDE A SPECIAL REGULATORY SCHEME, UNLESS
AUDITING AND ACCOUNTING IS ALSO SATISFIED THAT REALLY EFFICIENT AND ARE OPERATED BY PERSONS WITH THE WILL TO DO JOB PROPERLY.
THE
PRACTICES
ARE THE
"AFTER ALL, IT IS NOT IN THE PUBLIC WHICH MIGHT HAVE THE EFFECT OF ENCOURAGING SOME OF MAKE HASTY, ILL-CONSIDERED AND INACCURATE REPORTS OF
MR MATHEWS SAID. FINANCIAL MALPRACTICES,
"
DOUBT
OF 175
SUBMIT
TU
BE IN
[TS
IN CONCLUSION, THE ATTORNEY GENERAL SAID: "I HAVE LITTLE THAT YOUR PROFESSION WILL BE ABLE TO ADAPT TO THESE TIMES AND PROSPER:
DIMINUTION IF IT DOES NOT THOUGH I FEAR THAT IT MAY SUFFER A STATUS AND THAT THE DEMANDS THAT THEN MAY BE MADE OF IT TO SOME KIND OF EXTERNAL
REGULATION
MAY NOT NECESSARILY
INTEREST TO DO ANYTHING
YOUR MEMBERS
FRAUD OR
: יין
OTHER
INTERESTS."
17