Solicitors' Accounts Rules Manual
Our Solicitors’ Accounts Rules Manual provides you with the current and permanent file programmes needed to enable the reporting accountant to provide the report required under the Solicitors Regulation Authority (SRA) Accounts Rules (AR).
The manual also includes:
- guidance notes that summarise the requirements of the SRA AR and the problems they present; and
- a file review checklist.
Our Solicitors’ Accounts Rules Manual can be browsed online or sections of content or commentary can be downloaded in Microsoft Word or PDF. There is also the flexibility to ‘customise’ a download suitable for your engagement. For every new assignment, you will need to navigate to our website to obtain the most up to date version.
- Guidance notes that provide you with essential background knowledge on the key aspects and the reporting requirements of the SRA AR.
- Example engagement letters for SRA Accounts Rule Compliance. There is also an example letter of representation.
- Links to example Accountant’s report form.
- Permanent file documentation that provides a structure for your permanent files and outlines the information required which is of continuing importance to an SRA AR assignment over a number of years.
- Current file documentation provides you with the planning, completion and detailed work programmes needed to undertake an SRA AR assignment. A current file index is also included.
September 2023
The principal technical changes in this update include:
- The reconfiguring of the guidance notes.
July 2023
A number of minor amendments / improvements have been made to sections of the manual, including updating engagement letters to reflect latest guidance.
Other amendments include.
- Content relating to SRA AR2011 removed
- Content for accounting periods up to and including 25 November 2019 is no longer applicable and has been removed
- New Client Checklist form included in the current file documents.
July 2021
This update is primarily to include an option for assignments which are conducted entirely under the SRA Accounts Rules which took effect on 25 November 2019 and remove the option for assignments conducted entirely under the SRA Accounts Rules 2011.
There are also some changes regarding the method of delivery for the manual.
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| Audit registered firms with 2-4 RIs* | £260.00 |
| Audit registered firms with 5-9 RIs* | £360.00 |
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Mercia online manuals are updated regularly by our technical staff and you will be notified of any significant regulatory changes by email.
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