BDO Stoy Hayward acts as expert in Independent Insurance case
BDO Stoy Hayward were retained by the Accountants’ Joint Disciplinary Scheme (JDS) in its case against KPMG, the auditors of Independent Insurance. BDO Stoy Hayward, accountants and business advisers, provided expert witness evidence concerning the audit of claims incurred, provisions for future claims and reinsurance recoveries.
Philip Alexander, audit partner and head of the firm’s insurance practice, said; “The JDS and its successor the AADB perform a valuable function in ensuring that auditors are accountable for any lapse in professional standards, particularly in cases of public concern. The audit of general insurers is particularly complex and we are always keen to share our experience and understanding of this challenging industry. We are particularly pleased that we were able to bring clarity to this difficult
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