As a fully qualified Legal Trust External Examiner, Timothy Johnston from Books Onsite understands the importance of a thorough and compliant Annual Trust External Examination. Our extensive experience in legal trust account external examinations ensures that the process is completed effectively and efficiently, with the least amount of disruption to your business, and we are Certified Partners and consultants with Leap and Smokeball.
Please call us or simply fill out the form here to request a quote for our Trust Account External Examination Services.
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A Trust External Examiner must be appointed by the Law Practice as soon as a trust account is opened. The Trust External Examiner is required to submit the Trust Account External Examination Report by 31 May each year to the relevant Law Society.
The report must include an examination of all general trust accounts and accounts where trust money was held (e.g. controlled money accounts, account subject of a power) that have been opened or closed by the law practice during the reporting period.
Trust money is money entrusted to the law practice in the course of or in connection with the provisions of legal services by the law practice.
