ACCOUNTING for LAW
Financial peace of mind for lawyers
First Canadian Place
100 King Street West, Suite 5600
LSUC Spot Audits and You Section 49.2
An exponential expansion of The Law Society Audit Department has occurred in the past several years.
Their mandate is to conduct a spot audit on each Law Firm every five years. All newly formed Law practices must be audited in the first 12 months of operation. Our purpose is to maintain your Law Firm's financial records in accordance with By-Law 9.
A primary goal, which reflects a remedial approach, is to attend your law office and provide on-site guidance aimed at helping your Law Firm correct minor deficiencies with your firms recordkeeping practices before they lead to serious LSUC non-compliance.
Let us help your Law Firm conduct an internal review well before notice of a Law Society of Ontario Spot Audit
If your law firm has an audit pending, our accounting firm will urgently step in and provide the necessary support and preparation for your Law Practice.
After a spot audit your law office may receive correspondence which requires a detailed reply.
Allow us to review your law firm's books and assist with a comprehensive response, contact us...
The Spot Audit Program
Designed as a pro-active compliance measurement and problem detection tool, Spot Audits measure the integrity of law firm financial filing (By-Law 8), assess ongoing compliance with financial record-keeping requirements (By-Law 9) and the Rules of Professional Conduct, and identify serious misconduct related to financial matters.
-- Law Society of Upper Canada, Spot Audits and You: Setting Standards...Meeting Expectations [Post], Retrieved from
* The below information was obtained from the Law Society of Ontario (LSO), We do not warrant it's accuracy.
Preparing for a Spot Audit
Schedule an appointment with us:
To provide comprehensive PCLaw bookkeeping services for sole practitioners, partnerships, and small to medium-sized legal firms.
-- THIS IS WHAT OUR CLIENTS SAY --
1235 Bayly Street, Unit 7 Pickering, Ontario, L1W 1L7
For any general inquiries, please fill in the following contact form:
We are a Bookkeeping Firm with locations in downtown Toronto, Pickering, Mississauga, and Ottawa, that provides PCLaw Bookkeeping for lawyers and small to medium-sized legal firms from Canada's eastern province of British Columbia to eastern Ontario (Ottawa). Services include PCLaw Bookkeeping, Support, Training, Security, and Installation. Law firm trust accounting solutions. Exceptional law firm-record keeping (in compliance with The Law Society of Ontario and Canada’s 14 provincial and territorial law societies) for high-net-worth individuals, solo practitioners, or small to medium-sized legal practices in Ontario.
Site maintenance and SEO by H3WebTech - https://skillfulseo.com
Copyright © 2012 - 2020 Accounting for Law Inc. All Rights Reserved.