SRA Contacting Firms

Reports back from our clients have highlighted that the SRA has recently been contacting firms in respect of the changes to 2011 SRA Accounts Rules. These changes came into effect as of 31 October 14.

To clarify the latest position:

• Firms are still required to have an annual Accountants Report Form prepared but need only submit a copy of the report to the SRA when the report is qualified.

• This ruling is only in effect for reporting periods ending on or after 31 October 2014

• Reporting periods prior to this date still require Accountant Reports to be submitted to the SRA regardless of qualification