Specialist audit and inspections
HSA & Co are members of the Institute of Chartered Accountants in England and Wales (ICAEW) and are also registered as auditors.
We have many years’ experience in undertaking specialist audits and inspections. These include:
Solicitors Regulation Authority (SRA)
The SRA Accountants Report Form is submitted by the reporting accountant along with a checklist to the solicitor stating the outcome of the SRA report.
The SRA places great reliance on the report to gain assurance that solicitors are complying with the Solicitors Accounts Rules and that client monies are being safeguarded.
The report is sent to the solicitor once a year, at the end of the accounting period, by the SRA. It is due within six months of the year end and covers a twelve month period in most cases.
Council of Licensed Conveyancers (CLC)
A CLC Accountants Report is required if at any point during an accounting period a member firm has held client money.
The Reporting Accountant examines the accounting records to ensure compliance with the CLC Code and carries out the checks and tests as prescribed by the CLC.
The reporting accountant signs and delivers to the CLC the Accountant’s Report together with the completed checklist within six months of the end of the accounting period.
ARLA Licensed letting agents hold tenants’ and landlords’ money in a designated client account and these are subject to independent inspection.
That independent inspection culminates in a report that must be submitted no later than six months after the end of the accounting period to which it relates.
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