In what circumstances will an accountant be required to disclose that he acted for the developer of real estate investments?
British Columbia, Canada
The following excerpt is from Western Delta Lands v. 3557537, 2000 BCSC 1096 (CanLII):
In Hodgkinson v. Simms, supra, the plaintiff stockbroker had hired the defendant accountant to provide tax advice. Acting on the defendant’s advice, the plaintiff purchased real estate investments that led to heavy losses. The defendant had not disclosed that he acted for the developers of those investments.
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