Annual solicitors accountant's report
under Solicitors' Accounts Rules 1998 Professional Ethics, SAR
amended with effect from 31st March 2009
Proposed removal of the SRA’s ‘Accountants Report’
The Solicitors Regulation Authority (SRA) has launched a consultation proposing to remove the mandatory requirement that firms must submit an annual accountant’s report together with other regulatory proposals.
If these proposals are implemented The SRA does not expect that firms whose reports are due after October 2014 will need to submit them.
An annual solicitors accountant's report form under rule 35 of the Solicitors' Account Rules 1998 SAR needs to be filed with the Solicitors Regulatory Authority SRA within six months of the solicitor's accounting year end if the firm have held or received client money or operated a client's own account as signatory.
We suggest you read our five minute overview and for complete details please refer to our "Other sources" to the right or contact us.
V.G. Woodhouse & Co. will be pleased to undertake this work for solicitors in the general London area between The City and Heathrow.
Please contact Vic Woodhouse on 020 8810 4500