For the majority of attorneys and trust account advocates, 29 February was the end of their Financial Year.
In terms of the Legal Practice Act, trust account practitioners now have six months to file their audit reports. This means a Chartered Accountant (CA SA) must audit and report on the state of the financial records and submit this report not later than Friday 30 August 2024.
Audit reports are submitted to the local provincial Legal Practice Council office.
