Solicitors and the Accounts Rules

Outlines the basic requirements of the Solicitors' Accounts Rules, ensuring an understanding of what is required of solicitors' practices before moving on to address the systems and procedures. This guide explains the requirements of the Rules, providing practical guidance on how to prevent some of the most common pitfalls.

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Although the Solicitors' Accounts Rules 1998 have been mandatory for all practices since May 2000, it is still common for breaches of the Rules to result in qualifications on accountants' reports. This clear and handy guide explains the requirements of the Rules, providing practical guidance on how to prevent some of the most common pitfalls. The text outlines the basic requirements of the Solicitors' Accounts Rules, ensuring a thorough understanding of what is required of solicitors' practices before moving on to address the systems and procedures that can be put in place to ensure that practices are compliant. Key points are illustrated throughout using practical examples. Pertinent for all solicitors' practices, this is an excellent guide to have at hand.