Attorneys Trust Account Assurance Hub

Overview of the programme

Before the engagement team can embark on an audit of a legal practitioner's (attorney's) trust accounts, they will need a thorough understanding of:

• How an attorney does business,
• How the trust account fits into the business' operations,
• What the nature of the trust account is and the various types of transactions that can flow in and out of the trust accounts.
• The audit procedures to perform during the audit of the trust accounts.
• The audit methodology used by the firm to perform these audits.
• The applicable auditing standards that they need to comply with.

The content of these Hubs is designed to provide the engagement team with a good understanding of what is required when auditing attorneys' trust accounts.