Losing a professional membership that underpins your credibility

 

Summary

The claimant brought an action against two of its founding shareholders, and companies owned or controlled by them, seeking compensation for harm caused by their alleged participation in a fraudulent scheme. The forensic accounting expert for the first defendant failed to inform the court, until shortly before he gave evidence, that he had ceased to hold a key professional membership.  

Learning points for experts

• You should inform the parties and the court if, after your expert report is filed, you cease to be the member of a professional organisation which is relevant to the expert evidence you have provided.

• Always consider whether you should inform your instructing party following any material change in your qualifications or accreditations.

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