top of page
Search

Accountant’s report for solicitor

Accountant’s report is required on client account when the solicitor renew his license.


The audit of client account must follow the requirements of Legal Profession ( solicitor’s accounts) rule issued by the law society.


The money drawn must be by cheque and two signatories. Online banking is not allowed. They must perform reconciliation between client account and client ledger at least monthly to ensure no shortfall caused by bank service charges. Thus, the solicitor usually needs to deposit money to client account to cover the bank service charge which is allowed under the rule.

 
 
 

Recent Posts

See All
Revenue completeness

The golden rule - revenue completeness can never ever be ascertained from issued sales invoice. Revenue completeness should be ascertained from fulfilled order, contract or delivery note. It should

 
 
 
Audit thinking logic

What are we going to audit - revenue, trade receivables, unquoted equity investments, trade payables, etc What audit procedures (nature, timing) to be performed to ascertain each of the assertions Wha

 
 
 
Audit schedule provided by client in audit

Before we place reliance on audit schedule provided by client in an audit engagement, we are required to ensure the completeness and accuracy of the audit schedule. In order to address the issue, we n

 
 
 

Comments

bottom of page