This book is intended to give solicitors, accountants, lecturers, and law students an insight into the fundamental accounting theories and principles involved in the proper maintainence of office and clients' accounts.
This book gives an insight into the responsibility and accountability of solicitors and accountants in relation to clients' accounts. It is also intended to be valuable resource material for accountants who are engaged in the examination (audit) of solicitors' accounts. As the examination of solicitors' accounts is becoming more complex and onerous, the reporting accountants are expected to have a sound theoritical and practical knowledge of the requirements of Solicitors' Account Rules 1990 and Accountant's Report RUles 1990 and the related legal requirements. Therefore, certain topics, mainly the examination of solicitors' accounts, accountant's report and the reporting accountants' liabilities, are deliberately included in this book to cater for their needs.
To facilitate an easy understanding of the subject matter, the topics in the book are arranged in a coherent and systematic manner so that even the uninitiated readers would find it easy to follow them. Prior knowledge of accounting is not necessary. It can be started at ground zero.