governance, risk and compliance

The majority of Solicitors practices regulated by the Solicitors Regulation Authority (SRA) have an obligation to submit an Accountant’s Report to the SRA to demonstrate compliance with the SRA Accounts Rules. This work needs to be undertaken by approved audit firm like Bennett Brooks. 

Our vast experience in dealing with this combined with our compliance assessment work enables us not only to prepare the reports but, more importantly to our clients, advise on ways to improve procedures and controls that are not compliant and help minimise the occurrence of future breaches of the Rules. 

The changing compliance environment being introduced by the SRA after the appointment of Compliance Officers for every firm, means that these Individuals require greater assurance of their firm’s compliance with these regulations. Our experience shows that they place great value on having external experts provide compliance reviews to support their compliance declarations with the SRA. At bennettbrooks we not only carry out such assurance reviews, we also advise on the procedures and controls within the client money system within firms. This service provides support for compliance officers in their monitoring and reporting of compliance. Our service is tailored to the firms specific circumstances and takes account of individual risk profiles, dependant on the areas of law being operated in as well as inherent and operational risk factors. The result is advice and assurance specifically geared to your requirements.