Do You Need an SRA Accountant’s Report or SRA Audit? Expert Support from ARK Accountants

12 July 2025 | Audit

If your firm holds client money in a solicitors’ client account, the Solicitors Regulation Authority (SRA) may require an SRA Accountant’s Report (AR1) or a full SRA audit to verify compliance with the SRA Accounts Rules. At ARK Accountants, we specialise in fast, reliable, and fully compliant SRA audits and Accountant’s Reports, helping legal practices meet their regulatory obligations with ease.

As part of your annual compliance, solicitors regulated by the SRA must:

• Submit an SRA Accountant’s Report (AR1) within six months of the accounting year-end if client monies have been held above the exemption threshold.
• Complete a full SRA audit if required, or where the report is qualified or raises regulatory concerns.

These reports help ensure your systems and controls are robust, and that client money is protected under the SRA Accounts Rules.

Failure to complete an Accountant’s Report on time—or submitting a qualified report—can result in SRA scrutiny or investigation. Common triggers include:

• Residual balances remaining in client accounts
• Repeated delays or failures in client money reconciliations
• Shortfalls or misuse of client money
• Breaches of the SRA Accounts Rules

An investigation can lead to fines, regulatory action, or serious reputational damage. Choosing the right accountant ensures timely compliance and peace of mind.

We understand the pressures faced by legal practices and offer a responsive, efficient SRA audit service. We provide:

• A streamlined review of your systems and records
• Clear feedback on compliance risks
• Prompt and professional preparation of SRA Accountant’s Reports (AR1)
• Guidance on addressing areas of concern if issues arise
• Audit delivery that fits your timeline — including fast-tracked turnaround where needed
• Specialist knowledge of SRA compliance and reporting
• Trusted provider of Independent Accountant’s Reports
• Fixed-fee pricing — no surprises or hidden costs
• Friendly, professional support tailored to your firm’s needs
• Support for both qualified and unqualified reports

Whether this is your first SRA audit or a routine report, we’re here to help you stay compliant and avoid unnecessary complications.

📩 Contact us today to book your SRA Accountant’s Report on a fixed-fee basis — no hourly rates, no guesswork.