Harlequin sues former auditor for negligence

Kashflow logo
3

Property investment firm Harlequin, used by self-invested personal pension schemes, has had “historic issues” with account record-keeping, it has emerged. Nick Huber reports that the company is suing its former auditor for negligence.

City watchdog the Financial Services Authority (FSA), has issued an “alert” warning financial advisers carry out thorough due diligence before clients invest with Harlequin Management Services (South East) Limited (Harlequin).

The alert, directed at regulated firms and not at Harlequin, said advisers should consider how building work is progressing on the various sites, establish how funds will be used and make a full assessment of all publicly available information about the overseas property investments through Harlequin, and on all the parties associated with these investments.

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

Nick Huber
Freelance journalist
Share this content
Tags

Replies

Please login or register to join the discussion.

avatar
14th Feb 2013 17:29

same old shite

blame the auditors for in house teaming and lading

Thanks (0)
19th Feb 2013 11:29

Damn

I thought this was a rugby article

Thanks (0)
avatar
19th Feb 2013 11:54

How straight are their buildings?

I do not know anything about this case or the personalities but I think their is often a conflict of interest between a dynamic wanting to cut corners client and an auditor subjected to a budget on his charges.

Thanks (0)