|
|
11 Feb 2010
Solicitors should be duty-bound to notify their regulator of financial difficulties before they go insolvent, KPMG has recommended.
The Big Four firm is currently working with the Solicitors Regulation Authority to see how the financial stability of Solicitor firms affect the public interest, according to lawgazette.co.uk. Currently firms only have to notify the SRA when they become insolvent.
KPMG’s report also recommended a new core duty on financial management as part of the solicitors’ rules
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment