An SRA Compliance Review(Accountant’s Report) is required on an annual basis by all solicitors and legal practices that have held or received client money or operated a client’s own account as a signatory.
If you’re a solicitor in need of an SRA Compliance Review and Accounts service, you need look no further. As specialists in the sector, we can support any type of legal practice with all aspects of SRA Compliance Reviews and reporting, whatever the size of your firm.
As stated on the Solicitors Regulation Authority website:
“…if you have, at any time during an accounting period, held or received client money, or operated a client’s own account as a signatory, you must:
(a) obtain an accountant’s report for that accounting period within six months of the end of the accounting period; and
(b) if the report has been qualified, deliver it to the SRA within six months of the end of the accounting period.
This duty extends to the directors of a company, or the members of an LLP, which is subject to this rule.”
As standard, we ensure that accounts are being prepared and audited in accordance with the Solicitors Regulation Authority (SRA) rules and provide advice on making control improvements as a result of our audit work to ensure future compliance and to reduce the risk of errors or misstatements.
We have many years’ experience working with solicitors and can ensure that all accounting and SRA and reporting requirements are dealt with in an efficient, timely and cost-effective manner.
We offer a range of bespoke services to support solicitors, including:
As sector specialists for solicitors, we have a wealth of experience advising on best business practices and ensuring full SRA compliance.
As a client of Aston Shaw, you’ll benefit from specialist advice and tailored support – those things come as standard. You can call, email or pop into any one of our offices as much as you like and we’ll always do our very best to assist you. We won’t charge you for a five-minute meeting or a phone call or email either.
Other services we provide that may be of interest to you, include:
As specialist accountants in the legal sector, we’re confident we can deliver an SRA Compliance Review service (and Accountant’s Report) to meet all your requirements. If you’d like to find out more, we recommend getting in touch with us so we can have a chat about the service we provide and answer any questions you might have.