Stay up to date on the Solicitors Regulation Authority Accounts Rules.
Firms with law firm clients may be thinking about how the Solicitors Regulation Authority (SRA) introduction of new SRA Accounts Rules (effective 25 November 2019) will affect reporting accountants and the Accountant’s Reports they prepare. There are now two related Technical Releases available to help reporting accountants perform these engagements before, after and for periods straddling the rule changes.
The latest Technical Release TECH 03/20 AAF Solicitors Regulation Authority Accounts Rules: Guidance for reporting accountantsfollowing the 2019 changes provides guidance for Accountant’s Reports being prepared for law firms for any period that falls either in part or in full from 25 November 2019.
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