Attorneys Trust Audit
Attorneys Trust Audit
An Attorneys Trust Audit is a requirement of thethe Attorneys Act of South Africa. An annual audit report is prepared following this audit and is to be submitted within 6 months of the Attorneys' financial year end. Further to this the following Law Societies of South Africa also require a Trust Audit:
- Law Society of the Northern Provinces
- Cape Law Society
- Kwa Zulu Natal Law Society
- Free State Law Society
Given the risk, an Attorneys Trust Audit is a comprehensive audit that covers all the major risk areas surrounding holding third party funds in a fiduciary capacity.
CFO360 provides comprehensive Attorneys Trust Audit services as well as further advice, guidance and assistance to Attorneys and Firms.
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