Publication will hope to end high profile critics of the practice such as Jeffrey Lampert who sought disciplinary redress against Grant Thornton over its involvement in his collapsed housewares company, Heritage.The paper is the culmination of almost a year of academic research backed by Alan Katz and Michael Mumford, senior research fellows at Lancaster University, into the phenomenon of 'trigger-happy' accountants.It compared the numbers of liquidations carried out by Royal Bank of Scotland, which has a policy of changing accountancy firms between investigation and receivership, to other banks such as Barclays, which has a policy of using the same firm.The report will show that although there was a fall in the number of receiverships instituted by RBS in the year that the bank established the new procedures in 1993, Barclays also experienced a fall two years later.Mumford said: 'The evidence is not there to support the case (that accountants will force a liquidation).'The news will be welcomed by accountancy firms who are currently awaiting the results of a DTI/Treasury consultation paper on company rescue mechanisms.But insolvency practitioners should also take comfort from the dismissal of Lampert's appeal. His complaints did not just involve a conflict of interest arising from Grant Thornton's various roles for the company, He also complained that he did not receive vital reports about the firm's investigation.
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