Help with legal Audits and Inspections.
Legal audits and inspections by the regulators can seem daunting. We can guide you through this regulatory maze and in all aspects of your interaction with the Law Society and SRA.
Every UK law firm is audited by The Law Society or SRA every three years or more.
Every UK law firm is audited by either The Law Society of Scotland Financial Compliance Team or The Solicitors Regulation Authority every three years or more as part of a rolling program. Compliance inspections are an important protection for the public and the profession. By using outsourced cashroom services provided by YourCashier we ensure that you are fully compliant on a daily, monthly, quarterly, six-monthly, and annual basis.
What We Do.
If you receive a letter from the Law Society or SRA to notify you of an inspection then inform us straight away so we can allocate time to prepare. We can provide the regulators with all the relevant reports they require pre-inspection and help answer any questions raised during and after the Inspection.
For The Law Society of Scotland, Solicitors Regulation Authority and accountants we will prepare all the reports required for your audits and inspections and send these direct to the relevant governing body. Your designated legal cashier will ensure that you are prepared.
Get a Helping Hand.
Your Cashier will be available to assist and answer any questions when audits or inspections are taking place. All required records will be ready for presentation to the financial compliance team on arrival and your allocated legal cashier will be on hand for any questions.
Working with Accountants.
Need to send your accountant information for your year-end accounts? We can deal directly or indirectly with your accountant to collate all the required information to submit your accounts on time. We have an experienced team that will be able to help you from start to finish.
Kilpatrick & Walker Solicitors
“When reviewing our cashroom provision we selected YourCashier as the preferred option.
It has worked well and we have appreciated the dedication and continuing professionalism regarding the handover and
beyond, highlighted by the friendly service provided by the team”
We add value to your law firm by adding experienced legal cashiers to your team.
Download our company brochure to find out more about our services and how we work with law firms by providing a highly skilled team to run your day-to-day accounts functions and ensure compliance with the accounts rules. Above all, we make sure that your law firm is practicing within the solicitor’s accounts rules. In addition, we also provide you with management information and management accounts, thus, allowing you to focus on what you do best, running your business.
The Law Society of Scotland.
Every UK law firm is audited by either The Law Society of Scotland Financial Compliance Team or The Solicitors Regulation Authority every three years or more as part of a rolling program. Compliance inspections are an important protection for the public and the profession.