Legal Practitioners’ Trust Accounts

The main purpose of an engagement on legal practitioners’ trust accounts is for the auditor to express a reasonable assurance opinion on whether for the relevant period the legal practitioner’s trust accounts were maintained in compliance with the Act and the rules.

 

The auditor is also required to report on the following.

 

  • The legal practitioner’s annual statement on Trust Accounts
  • Report on whether or not to the best of the auditor’s knowledge, the legal practitioner carried on the business of an investment practice(if applicable) and complied with the related investment practice rules as required.