LEGAL PROFESSIONAL PRIVILEGE is “essential” to accountancy practitioners if they are not to find their trade restricted in comparison to lawyers.
Of the 60 readers to cast votes, 71% described the privilege – which currently sees any professional discussions between lawyers and their clients kept confidential – as essential and branded the current state of affairs as “unsustainable”.
Just 13% felt that the privilege should be introduced in a limited form, while marginally more – 16% – felt that the profession has existed perfectly well without it.
The privilege sees any professional discussions between lawyers and their clients kept confidential.
Lawyers are currently the only professionals covered by the privilege, which allows a client to refuse to disclose certain confidential, legal communications to third parties, including courts.
The Supreme Court last month ruled that any extension of the privilege was for parliament to decide. The case was the result of a tax dispute between Prudential and HMRC.
In 2010, the Court of Appeal rejected claims by Prudential that when advising on tax law, accountants should be protected by legal professional privilege.
Take part in the latest Accountancy Age poll:
A finance assistant at University Hospitals Coventry and Warwickshire NHS Trust (UHCW) is celebrating after being named the top in the world ... read more
A financial controller who defrauded his company by nearly £25,000 has been jailed for 18 months
The Middle East arm of Deloitte and Touche is being sued by a Dubai-based investment group after it failed to spot money laundering at a now defunct Lebanese bank
CIMA has appointed Andrew Harding as chief executive, replacing Charles Tilley, the institute’s long serving boss