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What Are Solicitor Trust Account Audits

A solicitor trust account auditor is an individual who is qualified to perform an audit of a solicitor's trust account. The auditor is not a lawyer or licensed to practice law in any state or country. The solicitor will typically hire an auditor to audit the trust account, and a solicitor can hire a private firm to perform the audit. An auditor typically charges a service fee, usually less than $500.00. In some cases, the auditor may also be required to sign a non-disclosure agreement that prevents the auditor from disclosing information about the solicitor's trust account to anyone else. Auditors are typically required to provide written confirmation of their findings. The auditor's report will typically contain a summary of the audit findings and conclusions, a list of all checks performed, the number of inspections performed, the total amount of money in the account, the number of transactions, the total number of deposits, the total number of withdrawals, the number of payments made, the total number of checks returned to the bank, the total number of payments received the total number of canceled checks and the total number of overdrafts. A solicitor trust account auditor can audit any time during