In the November 2024 COLP & COFA Conference the SRA gave notice that it would be starting spot checks in 2025 on firms to check that Client Account Audits were being carried out when they were supposed to be. We've just received notification from one of our law firm clients that they have received an email from the SRA notifying them that they have been picked. The SRA will send them a questionnaire in January for them to complete in prep for this.

Here is a link to an anonymised copy of the email: https://hunningsconsultancy.co.uk/wp-content/uploads/2024/12/Email-from-SRA-re-Client-Account-Spot-Check.pdf

Help

If you need help with this let us know. We are frequently helping solicitors firms through SRA Inspections, investigations & thematic reviews.

Need an Accountant to carry out a Client Account Audit?

Reach out to us. We can put you in touch with someone who can do this for you.

Other help with SRA Accounts Rules Compliance & Law Firm Finance

• SRA Accounts Rules Training: https://hunningsconsultancy.co.uk/solicitors-accounts-rules-training/

• Audit Support: https://hunningsconsultancy.co.uk/audit-support/

• Financial Awareness training for your firm: https://hunningsconsultancy.co.uk/financial-awareness-training-for-your-law-firm/

• Financial Health Check: https://hunningsconsultancy.co.uk/financial-health-check-one-off-or-annual/

• Financial Reporting Review: https://hunningsconsultancy.co.uk/financial-reporting-review/

• Financial Systems Review: https://hunningsconsultancy.co.uk/financial-systems-review/

• Tax & VAT Sense Check: https://hunningsconsultancy.co.uk/tax-vat-sense-check/