AUSTRALIAN PUBLIC ACCOUNTANTS
An audit involves a detailed review of the law practice accounting systems
and systems of control and also requires a detailed understanding of the
law practice operations.
An unqualified audit report (approved external examiner’s report) can improve
the status of the law practice in the eyes of regulator and clients,
the experienced auditor will identify the issues in your law practice
at the early stage and able to keep your law firm out of the regulatory actions
and avoid regulator’s appointment of Supervisor, Manager or Receiver to your
law practice and legal action in the Tribunal or Courts.
A history of accounts with clean audit reports can also be a factor if you ever
wish to sell the law practice y or, perhaps, take it to the market.
The possibility of fraud can be reduced and an audit can act as a deterrent to
any potential fraudster.
We stay up-to-date on all the regulatory and legislative developments so
you don’t waste time and energy trying to make sense of all the accounting
complexities. Contact us today and see how we can help you.