THE LEGAL INDUSTRY
ASSISTING LAW FIRMS REALISE THEIR FULL POTENTIAL
The Bottrell team have vast experience in audit and annual compliance requirements for legal trust accounts. Furthermore, our professional team can assist your firm with both marketing and annual or day-to-day accounting requirements. Whether you require a cloud accounting solution, an updated website, or a review of your trust account, the Bottrell team can help!
Bottrell Group are committed to aiding law firms build a strong foundation, by lowering costs and increasing revenues. With the right advice and a proactive approach, your law firm can expect growth within the industry.
LAW FIRM TRUST ACCOUNTS
Under the ‘Legal Profession Act 2004 and Legal Profession Regulation 2005’, every law firm is required to have their Solicitor’s Trust Account examined by an approved external examiner annually. An “External Examiner’s Report” is submitted to the Law Society of New South Wales (or the respective state). The Law Society requests that the External Examiners Report be lodged by 31st of May each year. This is to ensure processing and any matters that arise may be addressed within the financial year.
Bottrell Business Consultants have accredited examiners in-house, who are ready to help with all of your audit needs. We have extensive experience in both managing and auditing trust accounts. Consequently we are able to offer you a streamlined service in a cost-effective manner with minimal disruptions to your office and your staff. Our accredited examiners can come to you, or you can even email the required documents to us, ensuring a simple process.
As a client of Bottrell Business Consultants you will receive professional service from experienced staff that will meet all audit deadlines, provide advice on compliance matters, and prepare all the required financial reporting documentation for you.
TRUST ACCOUNT AUDITS
Law firms operating a trust account in New South Wales are required to have their trust records audited and an External Examiner’s Report lodged with the Law Society of New South Wales by 31 May each year.
Gavin Bottrell and Andrew Howson are External Examiners registered with the Law Society of New South Wales, offering comprehensive auditing services compliant with the Legal Profession Uniform Law Application Act 2014 No 16.
Bottrell Business Consultants specialise in business law, taxation, accounting, advisory and coaching services with over a decade of experience. With the audit deadline fast approaching, we invite you to contact us on 1300 788 491 to discuss your business and auditing requirements.