Posted by on 31st August 2018 in September 2018 |
In this article we reflect back on our own experience in Accountants Reports in 2017 and also provide some information from the Solicitors Regulation Authority (SRA) about the impact they have seen since the changes in regime that commenced back in 2014.
There have been 3 main phases in terms of changes in the reporting regime over recent years which can be summarised as follows:-
Phase 1 (Oct 2014) – exemptions for certain LAA firms, unqualified reports not submitted
Phase 2 (Nov 2015) –
new report, outcomes based, extended exemptions for report being required
Phase 3 (Expected - 2019) –
new rules to come into effect.
Before Phase 1 comme...