Schedule of Professional Services - SRA Accounts Rules Compliance (Solicitor)


The purpose of this schedule to our engagement letter is to set out the basis on which we are to report on your compliance with the Solicitors Regulation Authority (SRA) Accounts Rules 2011.

1. SRA Accounts Rules 2011

1.1As solicitors you are responsible for ensuring that the firm maintains the accounting records required by the SRA Account Rules 2011. In addition, you are responsible for ensuring that all dealings in client money are dealt with in accordance with those rules.

1.2The SRA Accounts Rules 2011 require us to report to you each year whether in our opinion you have complied with rules 1, 7, 13, 14, 17, 18, 20, 21, 27 and 29 and also rules 8, 9, 10, 15, 16 and 19 where applicable.

We are required to report material breaches of those rules and / or significant weaknesses in the firm’s systems and controls for compliance with the Accounts Rules.

1.3To provide our report we shall undertake whatever tests and examinations of your records we consider appropriate. Our work will take into account the SRA’s Guidance to Reporting Accountants and firms on planning and completion of the annual Accountant’s Reports, under Rule 32A of the SRA Accounts Rules 2011.

1.4Our report will be in the standard form required by the SRA. If the report is qualified it is your responsibility to submit it to the SRA within six months of your accounting period end. However, if instructed by you, we will submit the report on your behalf.

1.5In accordance with the SRA Accounts Rules 2011 we understand that you have waived your right to confidentiality and that we should report directly to the SRA in certain circumstances. We understand that you will confirm these matters in your reply to this letter.

Updated March 2015

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