Richard Simpson

Richard Simpson

Date: 4/12/2017
By Richard Simpson, Ashley E. Eiler

In CommScope Credit Union v. Butler & Burke, LLP, Case No. 5P15, the North Carolina Supreme Court held that an independent auditor generally does not owe any fiduciary duty to its client, overturning a decision by the North Carolina Court of Appeals in a case that has generated substantial attention within the accounting profession, both in North Carolina and nationwide.

Date: 4/15/2016
By Richard Simpson, Ashley Eller

The use of unfair and deceptive business practices is a hot topic, as both the federal government and state legislatures have been attempting to end such practices by enacting broad statutes to regulate how individuals and businesses interact with consumers.


Date: 8/17/2015
By Richard Simpson, Ashley Eller

In CommScope Credit Union v. Butler & Burke, LLP, Case No. 5P15, the North Carolina Supreme Court has granted a petition for discretionary review of a decision of the Court of Appeals holding that an independent auditor may owe fiduciary duties to its client. The case also raises significant issues regarding the applicability of the defenses of contributory negligence and in pari delicto in accounting malpractice claims.  The case has drawn substantial interest, with five amicus briefs being filed in support of the auditor.

SPOTLIGHT
SPOTLIGHT