Getting audited isn’t as easy as you think…

Many firms of accountants have surrendered their audit licence since the new compulsory audit thresholds increased at the end of last year. However, in order to audit solicitors’ accounts, the auditing firm has to be a registered auditor. And that puts us all in a bit of a Catch-22 situation. Here’s the rub. The turnover threshold that currently exempts most companies and limited… Continue Reading

Solicitors’ accounts audits – making things more ‘outcome-focused’

You have to love our governing bodies use of language. The phrase ‘outcomes-focused’ is one that would send most people scurrying to Google to try and find a definition. But for those in the financial sector who act as a reporting accountant for solicitor clients operating client accounts, it’s much more important to understand exactly what this phrase means, and how recent chang… Continue Reading