LEGAL PROFESSION ACT
(CHAPTER 161) |
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LEGAL PROFESSION
(ACCOUNTANT’S REPORT) RULES |
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ACCOUNTANT’S REPORT
FOR SOLICITOR IN SINGAPORE LAW PRACTICE |
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| Note: In the case of a Singapore law practice with a number of partners or directors, carbon copies of the report may be delivered provided paragraph 1 below is completed on each report with the name of the individual solicitor. |
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| 1. Solicitor’s full name _______________________________________ |
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| 2. Name(s) and address(es) of Singapore law practice |
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| __________________________________________________________ |
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| __________________________________________________________ |
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| Note: All addresses in Singapore at which the solicitor practises must be covered by an accountant’s report or reports. |
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| 3. State whether practising alone/in partnership/as a partner in a limited liability law partnership/as a director in a law corporation |
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| __________________________________________________________ |
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| __________________________________________________________ |
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| 4. Accounting period(s) ______________________________________ |
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| Note: The period(s) must comply with section 73 of the Legal Profession Act and the Legal Profession (Accountant’s Report) Rules (R 10). |
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| 5. In compliance with section 73 of the Legal Profession Act and the Legal Profession (Accountant’s Report) Rules, I have examined to the extent required by rule 4 of the said Rules the books, accounts and documents produced to me in respect of the above practice(s) of the abovenamed solicitor. |
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| 6. In so far as an opinion can be based on this limited examination, I am satisfied that during the abovementioned period(s) he has complied with the provisions of the Legal Profession (Solicitors’ Accounts) Rules (R 8), except in so far as concerns — |
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| *(a) | certain trivial breaches due to clerical errors or mistakes in book-keeping, all of which were rectified on discovery and none of which, I am satisfied, resulted in any loss to any client; |
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| *(b) | the matters set out in the First Section hereof, in respect of which I have not been able to satisfy myself for the reasons therein stated; |
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| *(c) | the matters set out in the Second Section hereof, in respect of which it appears to me that the solicitor has not complied with the provisions of the Legal Profession (Solicitors’ Accounts) Rules. |
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| 7. The results of the comparisons required under rule 4(1)(f) of the Legal Profession (Accountant’s Report) Rules (R 10), at the dates selected by me were as follows: |
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| (a) | at ________________________________________________ |
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| *(i) | the figures were in agreement; |
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| *(ii) | there was a difference computed as follows: |
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| | Liabilities to clients as shown by clients’ ledger accounts |
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| | Total amount of cash held in every client account, conveyancing account and conveyancing (CPF) account, after allowance for outstanding cheques and lodgments cleared after date |
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| (b) | at ________________________________________________ |
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| *(i) | the figures were in agreement; |
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| *(ii) | there was a difference computed as follows: |
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| | Liabilities to clients as shown by clients’ ledger accounts |
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| | Total amount of cash held in every client account, conveyancing account and conveyancing (CPF) account, after allowance for outstanding cheques and lodgments cleared after date |
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| 8.*(a) Having retired from active practice as a solicitor, the said __________________________________________________________ ceased to hold client’s money or conveyancing money, or both, on __________________________________________________________ |
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| *(b) Having ceased to practise under the style or as a partner/director of __________________________________________________________ the said ________________________________ ceased to hold client’s money or conveyancing money, or both, on ______________________________ |
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| __________________________________________________________ |
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| Particulars of Accountant: |
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| Full Name _________________________________________________ |
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| Singapore NRIC No./FIN _____________________________________ |
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| Qualifications ______________________________________________ |
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| Firm Name and Address ______________________________________ |
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| __________________________________________________________ |
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| Signature __________________________________________________ |
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| Date ______________________________________________________ |
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| | The Law Society of Singapore, |
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