“…2]. First, the losses resulted from GT’s failure to detect “fraud or irregularity likely to result in material losses to the company” (Sasea Finance Ltd v KPMG [2000] BCC 989 at 994). Second, the losses were suffered as a result of AssetCo continuing to trade “in a particular manner” (Temseel Holdings v Beaumonts [2003] PNLR 27 at […”
“…e Waterhouse [1999] BCC 351 (BCCI) and Equitable Life Assurance Society v Ernst & Young [2003] EWHC 112 (Comm), in the case of GT, and Sasea Finance Ltd v KPMG [2000] BCC 989 and Temseel Holdings v Beaumonts [2003] PNLR 27) and Livent v Deloitte & Touche 2107 SCC 63,a decision of the Supreme Court of Canada, in the case of AssetCo. …”