Legal Practitioner Trust Accounts - IRBA Guide for Trust Account Audits

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Tristan White
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November 2019 saw the initial release of the Revised IRBA Guide for Audit Engagements on Legal Practitioner Trust Accounts.

This release was to address the new requirements arising out of the updated Attorneys legislation, being the Legal Practice Act and Rules.

With the new legislation fully effective for trust account audits, have you incorporated IRBA’s new procedures into your audit programs?

Provide overall summary of 2020 IRBA Guide
Highlight key changes
Identify all relevant audit procedures

Auditors, Audit managers, Audit partners, and Engagement Quality Control Reviewers