Our SRA Audit services provide expert analysis and investigation for law firms to ensure compliance with Solicitors Regulation Authority (SRA) requirements. Our experienced team meticulously reviews your financial records to identify any discrepancies or risks related to client monies. We offer clear, evidence-backed insights to help resolve issues and maintain regulatory compliance, ensuring your firm’s reputation and financial integrity. With a focus on confidentiality and thoroughness, we provide you with a reliable and transparent view of your firm’s financial practices.
How we help
We help law firms identify any discrepancies, risks, or compliance issues related to client monies, ensuring that you meet Solicitors Regulation Authority (SRA) standards. Our services enable you to manage risks effectively, strengthen trust with clients, and safeguard your firm’s reputation. By reinforcing financial integrity, we support your firm’s long-term success, ensuring stability and compliance within a regulated environment.
Whether you’re addressing compliance issues, client money discrepancies, or regulatory risks, our SRA audits provide comprehensive, tailored insights that strengthen your firm’s financial integrity. Work with our expert team to identify risks, improve internal controls, and ensure full compliance with Solicitors Regulation Authority (SRA) requirements, supporting your firm’s long-term success and safeguarding its reputation.
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Meet Our Experts
Our Audit team is dedicated to providing meticulous and insightful financial reviews that go beyond compliance. Combining technical expertise with a deep understanding of your business, our specialists deliver clear, actionable insights to enhance your financial performance and governance. Whether it’s statutory audits, internal audits, or bespoke assurance services, we’re here to ensure your financial reporting is robust, accurate, and adds real value to your business.
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Why Choose Nordens for SRA Audits?
1) Tailored Compliance Solutions
We work with you to assess your law firm’s unique regulatory risks, ensuring a thorough review of client money handling and compliance with Solicitors Regulation Authority (SRA) requirements. We identify any discrepancies or areas for improvement, helping you mitigate risks effectively.
FAQs
01
What is an SRA audit?
An SRA audit is a detailed review of your law firm’s financial records and practices to ensure compliance with the Solicitors Regulation Authority (SRA) requirements, specifically regarding client money handling. It examines internal processes and controls to identify any discrepancies or risks related to the management of client funds.
02
Why does my law firm need an SRA audit?
An SRA audit helps ensure that your firm complies with SRA regulations for handling client monies. It identifies potential risks, discrepancies, or breaches of regulatory requirements, safeguarding your firm’s reputation and ensuring that client funds are managed responsibly and transparently.
03
What does the SRA audit process involve?
The SRA audit process involves a thorough review of your firm’s financial records, client account transactions, and internal controls. Our team will assess your compliance with SRA regulations, identify any issues or risks, and provide actionable insights to improve your practices and ensure continued compliance.
04
How often should SRA audits be conducted?
SRA audits should be carried out at least annually, or more frequently if required, depending on your firm’s size and the nature of your practice. Regular audits ensure ongoing compliance with SRA rules and help maintain transparency and accountability in managing client funds.
05
What happens if issues are found during an SRA audit?
If issues are identified during an SRA audit, our team will help you address them by providing clear, actionable recommendations to resolve discrepancies, strengthen internal controls, and ensure full compliance with SRA regulations, thereby protecting your firm’s reputation and safeguarding client funds.
Our SRA audit service is designed to provide clear, reliable insights, helping you identify and address any compliance risks, discrepancies, and issues related to client money management. Contact us today to learn how we can support your law firm in safeguarding client funds, ensuring regulatory compliance, and maintaining long-term success.
