Services

SRA Audit

Our SRA Compliance Review Service
An SRA Compliance Review (Accountant’s Report) is required on an annual basis by all solicitors and legal practices that have held or received client money or operated a client’s own account as a signatory.

If you’re a solicitor in need of an SRA Compliance Review and Accounts service, you need look no further. As specialists in the sector, we can support any type of legal practice with all aspects of SRA Compliance Reviews and reporting, whatever the size of your firm.

As stated on the Solicitors Regulation Authority website:

“…if you have, at any time during an accounting period, held or received client money, or operated a client’s own account as a signatory, you must:

(a) obtain an accountant’s report for that accounting period within six months of the end of the accounting period; and

(b) if the report has been qualified, deliver it to the SRA within six months of the end of the accounting period.

This duty extends to the directors of a company, or the members of an LLP, which is subject to this rule.”

As standard, we ensure that accounts are being prepared and audited in accordance with the Solicitors Regulation Authority (SRA) rules and provide advice on making control improvements as a result of our audit work to ensure future compliance and to reduce the risk of errors or misstatements.

We have many years’ experience working with solicitors and can ensure that all accounting and SRA and reporting requirements are dealt with in an efficient, timely and cost-effective manner.

Features & Benefits
We offer a range of bespoke services to support solicitors, including:

• Providing an Accountant’s Report
• Expert advice on how to safeguard client monies in line with SRA accounting rules
• Advice on making control improvements
• A fully complete, SRA compliant annual report
• Added advice on tax, management accounts, corporation tax, wealth protection and profitability

As sector specialists for solicitors, we have a wealth of experience advising on best business practices and ensuring full SRA compliance.

How We Work
As a client of Boseco, you’ll benefit from specialist advice and tailored support – those things come as standard. You can call, email or pop into any one of our offices as much as you like and we’ll always do our very best to assist you. We won’t charge you for a five-minute meeting or a phone call or email either.

Find out more about how we work and what life is like as an Boseco client.
Why Choose Us

• Zero-jargon
• Fixed-fee
• Flexible payments
• Specialist advice
• Real-time accounting
• Reduce your tax liability
• Reduce the risk of penalties from HMRC
• Secure document exchange

Complementary Services
Other services we provide that may be of interest to you, include:

• Assurance Reports
• Statutory Audit
• Management Accounts