Legal Profession Act |
Legal Profession (Accountant’s Report) Rules |
R 10 |
G.N. No. S 204/1985 |
REVISED EDITION 2010 |
(31st May 2010) |
[8th August 1985] |
Citation |
1. These Rules may be cited as the Legal Profession (Accountant’s Report) Rules. |
Definitions |
2. In these Rules —
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Qualified accountant |
Duties of accountant |
4.—(1) For the purpose of giving an accountant’s report, an accountant shall ascertain from the solicitor particulars of all accounts (excluding trust accounts) maintained by the solicitor at any bank or with any approved finance company kept, maintained or operated by the solicitor in connection with his practice at any time during the accounting period to which his report relates and, subject to paragraph (2), make the following examinations of the books, accounts and other relevant documents of the solicitor:
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Privilege |
5.—(1) Nothing in these Rules shall deprive a solicitor of the right on the grounds of privilege as between solicitor and client to decline to produce to the accountant any document which the accountant may consider it necessary for him to inspect for the purposes of his examination in accordance with rule 4.
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Accountant’s report |
6.—(1) An accountant’s report delivered by a solicitor or a partner or director of a limited liability law partnership or law corporation under these Rules shall be in the form set out in the Schedule or in a form to the like effect approved by the Council.
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Where accountant’s report unnecessary |
7. The Council will, in each practice year, be satisfied that the delivery of an accountant’s report under section 73(1) of the Act is unnecessary and shall not require evidence of that fact, in the case of any solicitor who —
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Accounting period for solicitor exempted under rule 7 obliged to deliver first report |
8.—(1) In the case of a solicitor who —
[S 396/2011 wef 01/08/2011]
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Accounting period for other solicitors |
9. In the case of a solicitor who —
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Requirements of Council — how made |
10. Every requirement to be made by the Council of a solicitor under these Rules —
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Notice given by Council to accountants |
11. Every notice to be given by the Council to an accountant under these Rules —
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Power to waive provisions |
12. The Council may, if it thinks fit in any particular case, waive any of the provisions of these Rules in writing, subject to such terms and conditions as the Council may impose. |