Under SRA Standards and Regulations, all firms authorised by the SRA who deal with client money are required to have a Solicitors Accountant’s Report submitted by registered auditors. The SRA Accounts Rules were updated in 2019 and came into force on 25th November 2019.
In light of the SRA’s move towards outcomes-focused regulation, the introduction of the Compliance Officers for Legal Practice (COLPs) and for Finance and Administration (COFAs) have encouraged solicitors to focus on the firm’s systems and controls. Two Rivers Accountancy can help with those systems and controls within the firm and enable you to concentrate on providing legal services to your clients.
