A Solicitors Accounts Rules file review features a detailed review of the working papers of a Solicitors Accounts Rules engagement, to provide an assessment of and feedback on the quality of the work. This review can be carried out as either a 'hot' (before the reports have been signed) or 'cold' (completed engagement after the reports have been signed) file reviews.
Solicitors Accounts Rules file reviews can be carried out either at your office or remotely. As a guide, we can typically review two Solicitors Accounts Rules files in a day, although this will depend on the size and complexity of the assignment
The review will include a discussion of key findings and areas for improvement, either face-to-face (for reviews at your office) or by telephone / video call (for remote reviews). You will receive a comprehensive written report offering practical recommendations on how to improve the quality of the work, ensure compliance with the applicable sections of the SRA's Accounts Rules and the ICAEW Technical Release 01/21AAF Solicitors Regulation Authority Accounts Rules: Accountant's Reports . Where applicable, this will also highlight areas where the efficiency of the engagement may be improved.