The Solicitors Regulation Authority who regulate solicitors and law firms in England and Wales is consulting on proposals to strengthen the accountants' reports regime. The proposals aim to improve transparency and provide better assurance of compliance by requiring the submission of all qualified and unqualified accountants' reports, firm declarations, and direct report submission to the SRA by reporting accountants.
They welcome feedback from members of the accounting profession to help shape the final requirements. The consultation paper is available on the SRA website SRA | Further consultation on client money in legal services: Protecting the client money that solicitors hold | Solicitors Regulation Authority. The consultation will close at 12.00 on Friday 20 February 2026.
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