Is Finding External Examiner Canberra a big challenge?
As a law practice or may be an individual Lawyer or as a barrister do you face a big challenge in engaging an external examiner every new year for you Trust Account Audit? If you have felt it so far then please read it which will help you in the long run. And, you will be able to learn how our online external examiner service can help you solving your trust account audit issues.
At External Examiner it is easy to engage an external examiner canberra. We have registered canberra auditors and canberra external examiner who are very experienced in trust account audit for solicitors and barristers.
As you know that under the Legal Profession Uniform Law and the Legal Profession Uniform General Rules 2015, a canberra law practice must organise an external examiner for its trust account audit requirements once in each financial year if it has received or held trust money. You may not need the external examination for your trust account if you have received only transit money. You may check the following legislation for a better understanding of you trust account audit requirements:
Legislation one
Legal Profession Uniform Law – Chapter 4 Business practice and professional conduct, Part 4.2 Trust money and trust accounts, Division 3 External examinations of trust records.
You need to make sure that the law society receives the external examination report by 31 May immediately following the end of the trust account year.
Legislation Two
A law firm must engage an external examiner not later than 8 April each calendar year. Only a designated person on the list of designated external examiners may be appointed. Important Notice — the Society will not allow the firm to appoint an external examiner who is related to the firm’s regular bookkeeper.
Still not Sure?
That’s fine! We are here to help you. Please call Russel on 0433555818 to discuss about your trust account audit needs.
Why External Examiner?
External Examiner canberra plays a crucial role in verifying the trust account operations meet the relevant guidelines and regulations. We will also ensure that the External Examiner’s Report is lodged by May 31. It’s important to be prepared, organise beforehand and engage us to guide you through the process as there is no provision for an extension beyond this date.
Is Engagement Must?
Yes, Your law practice must appoint an external examiner to complete a written external examiner’s report on your trust records, which the examiner then forwards to the Law Society by 31 May each year. And External Examiner canberra provides you with all sorts of services to fulfill this requirements. You may visit our service page to get the total knowledge about our other services as well.
What Are The Steps Involved?
Step 1. Fill up the external examiner canberra engagement form.
Step 2. We will finalise the engagement process after discussing with you.
Step 3. We will request the required financial documents to act as per our engagement.
Step 4. You reply to our audit questions which are sent to you in the audit process.
Step 5. We finalise the audit and send the report to both you and The Law society of ACT.
Easy!!! Isn’t it?
So, no more big challenges in completing the requirements of your Trust account Audit in ACT. You will be relaxed by giving us all the work needed to be done in this audit process. You can expect an efficient, transparent and thorough canberra trust account audit, with a tailored audit process suited to your requirements. Still confused? Please call Russel on 0433555818 to discuss or to arrange an obligation free meeting with us.