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New Report for SRA Assignments but Engagement Letter Wording still Outstanding

The Solicitor’s Regulation Authority (“SRA”) have issued their new template for an Accountant’s Report covering accounting periods which span 25 November 2019 and hence cover the requirements of both the SRA Accounts Rules 2011 and 2019, and it is available on their website by following the link below, and following links to “complete your notification”:

https://www.sra.org.uk/solicitors/firm-based-authorisation/qualified-accountants-report/

Separately, the SRA have confirmed that they have not as yet issued wording to be utilised on the letter of engagement between accountants and solicitors (SRA Accounts Rules 2019, Rule 12.7, previously SRA Accounts Rules 2011, Rule 35).  It is unclear when such wording will be available.