MyCIMA

Solicitors' Accountants Report

Posted: Friday 05 March 2010 by Robert Dalgleish
Replies : 4
Keywords: accountants report, Solicitors
Are CIMA-qualified accountants able to prepare an Accountants Report for a legal firm? Does CIMA offer technical support for members maintaining the books for a solicitor?

See Brian Molloy's posting

Posted by Cliff Moggs on Friday 05 March 2010 19:23
Robert, Brian has posted information in the 'Management Accounting 'section in response to the topic, "Accounting in a solicitor's practice". There are some rules for you to review. Good luck Best regards Cliff Moggs

Re. Brian's posting

Posted by Robert Dalgleish on Saturday 06 March 2010 10:36

Clifford,

Thank you for your reply. Brian's article doesn't exactly answer my questions. I don't want to assume that CIMA accountants can prepare Accountants Reports, as I may soon be in a position to do this work, only to find that only ICAEW accountant for example are permitted. I assume that in addition to getting a copy of SAR, CIMA technical support would only come from this forum?

Regards, 

Robert

Solicitors' accounts

Posted by Bill Haskins on Monday 08 March 2010 10:45

Dear Robert, 

Please refer to the FAQ on the CIMA website at:

http://www.cimaglobal.com/Members/Members-handbook/FAQs/What-are-the-UK-audit-exemption-thresholds/ 

It says “Special regulations apply to reporting accountants in the context of solicitors' accounts. CIMA members are not allowed to undertake this work.” 

Regards, 

Bill Haskins, CIMA

 

 

Thank you Bill

Posted by Robert Dalgleish on Tuesday 09 March 2010 20:12

Bill,

Thank you for clarifying this. 

Best regards, 

Robert