Why are we qualified to carry out a Solicitor Accounts Rules Audit?

What is the SRA Requirement?

The Accounts Rule 12.5, holds members responsible for ensuring the reporting accountant who prepares and signs the Accountant’s Report is a member of a chartered accountancy body and is, or works for, a registered auditor.

We are a member and registered auditor of the Institute of Chartered Accountants in England and Wales, one of the chartered accountancy bodies accepted by the SRA. (Other bodies include: the Institute of Chartered Accountants of Scotland, the Association of Chartered Certified Accountants and the Institute of Chartered Accountants in Ireland).

Our membership numbers can be found here.

As a firm we meet the SRA requirement, but why else should you consider appointing us to prepare and report on your firm’s systems and processes?

We have been carrying out SARA’s for a number of years for firms of various sizes, but we also provide auditing services for a range of other businesses, such as statutory audits of companies, grant audits, PropertyMark audits for estate/letting agents and so on, which means our team has a vast array of auditing experience to apply to your business.

If you are interested in finding out more about our services for the legal sector and in particular how we can support your SAR Audit, take a look here, where you can also hear from our client, Burt, Brill & Cardens.

Additional guidance from the SRA to support SARs

Below are sources of information and recent guidance issued by the SRA to support members operating client accounts, or who need to check if they need to.

The general link is: https://www.sra.org.uk/solicitors/guidance/topic/accounts-and-finance/

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