External Examination Reports
The External Examination period ends on 31 March 2016.
A six point reminder plan has been implemented to alert law practices of their reporting requirements:
- The External Examiner appointment relates to an individual not an audit firm. Please ensure that the appointment details held by the Society are correct.
- If the firm did not hold or receive trust money (other than transit money) complete a Part A Declaration and lodge this with the Society by 30 April 2016.
- If the firm held or operated a trust account complete Form 4 Law Practice Declaration (Part A) and Trust Money Statement (Part B) and give these to the appointed individual External Examiner.
- Attach relevant schedules as per Item 15 of Part B Form 4.
- The trust account signatories must reflect those held by the bank. This will enable the Society to maintain accurate records.
- External Examiner to complete Form 5 and attach relevant schedules and lodge with the Society by 31 May 2016.
The reminder plan is a guide only, based on the legislative requirements detailed in the Legal Profession Act (S267 and 268) and the Legal Profession Regulations (S61 and S62).
The External Examination Report and Declarations can be lodged with the Society by post or email: firstname.lastname@example.org
Please be mindful that there is a 15MB limit for emails sent to the Society.
Please phone the Trust Account Investigations Department on 07 3842 5908 for more information.
For assistance in preparing the above forms please refer to the documents below: