In August 2001, following a meeting of the National Executive Committee of the accountancy firm HLB Kidsons, the Board of a subsidiary company S@FI which met the next day resolved that a notification should be made to the firm's professional indemnity insurers of circumstances which may give rise to a claim and so instructed the partnership secretary whose responsibility it was to make such notification. Both the Committee and the Board had heard that wide ranging concerns had been expressed by an employee of the firm about tax schemes the firm was offering through S@FI. 

To see this briefing in detail please click here.