Solicitors Regulation Authority (SRA): SRA Accounts Rules requires all solicitors with client money accounts to submit an annual accountants report.
The Solicitors Regulation Authority (SRA) regulates solicitors in England and Wales. SRA Accounts Rules requires all solicitors with client money accounts to submit an annual accountants report. Goringe Auditors Limited specialises in delivering these reports.
The audits are in the public interest; solicitors might hold client money for a number of reasons (e.g. probate, conveyancing or to fund court cases), so it’s critical that there are regular and stringent checks in place to ensure these funds aren’t misappropriated.
Any solicitor with client money accounts has to engage an auditor to submit an accountants report to the SRA within 6 months of its year end.
Jacqui Waring Director of Goringe Auditors Ltd. comments:
Essentially we carry out sample checks on transactions to ensur