The High Court recently dismissed a claim by Ickenham Travel Group Limited (ITG) against its former auditor, Tiffin Green Limited. The decision sheds light on how English.
An accounting firm has hit back at a £7 million ($9.5 million) negligence lawsuit filed by a travel company, saying the claim failed to properly explain the mistakes the auditor allegedly made when reviewing the financial statements of the business.
A travel company is suing its auditor for at least £7 million ($9.2 million) after it allegedly made serious mistakes when reviewing the business' financial statements, causing the loss of an acquisition deal and forcing it into a fire sale.