Legal practitioner trust account audit engagements can be conducted using CaseWare Cloud ISAE and ISRS application templates, which are tailor made for these engagements.
This intuitive cloud-based platform guides you through the procedures and documentation that will be necessary when navigating through the entire audit process from pre-engagement to finalisation.
We will navigate through the execution / fieldwork phase of the engagement as set out in CaseWare’s template for legal practitioner trust account assurance engagements, called ISAE Attestation application:
As part of the execution phase discussion, we will discuss and simplify each Act section and Rule requirement from the Legal Practice Act and Rules, as is relevant to the trust accounts, and identify which procedures are included in the ISAE application template to address the respective Rule that is to be audited for compliance and explain how to practically approach the rule-procedure for audit testing.
A brief discussion will be held focusing on the Financial Intelligence Centre Act’s relevance during a legal practitioner trust accounts audit.
