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LLR: Professional Negligence

ESANDA FINANCE CORPORATION LTD v PEAT MARWICK HUNGERFORDS (REG)

[2000] Lloyd's Rep PN 684

HIGH COURT OF AUSTRALIA

Before Chief Justice Brennan and Justice Dawson, Justice Toohey, Justice Gaudron, Justice McHugh and Justice Gummow

Auditors - Duty of Care - Economic loss - Whether auditor owed duty of care to third party - Finance company relying on audited accounts when entering into transaction with auditor’s client - Whether auditor owing duty of care.

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