Ernst & Young is expected to begin its defence in the Equitable Life hearing in the High Court later this week.
Lawyers representing the Big Four firm are due to begin outlining their defence on Wednesday.
Equitable is claiming £2bn from its former auditors who they say should have advised the life assurer to reserve more for guranteed annuity rates liabilities.
E&Y has made public documents which show that the firm believes Equitable’s case is ‘over-lawyered’ and ‘far fetched’.
In the documents, the firm says: ‘An air of profound unrealism permeates this claim. It may well be asked: what on earth have E&Y to do with the situation in which the society found itself in 2001?’
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton