Accounts compliance
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4 Terms
1
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12.1
where firms dealing private money must get an accountant’s report for that period within 6 months of end of the period
2
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12.1
qualified reports must be submitted to the SRA
3
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12.2 - when are firms not required to obtain an accountant’s report
all of client money held or received from Legal Aid Agency or
doesn’t exceed average of £10,000 or max of £250,000
4
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13.1
all accounting records should be securely stored and retained for at least 6 years
Note 
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