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The Legal Profession Act 2008 requires that a law practice operating a trust account(s) is required to keep trust records. These records must be examined by an external examiner each trust examination year. The trust examination year runs from 1 April – 31 March, with the report required by 31 May.
However, it is a changing climate with COVID 19. Practitioners and external examiners will need to assess the risk in undertaking the external examinations and how best to achieve this. |