McBride Shopa & Company, P.A. has the experience and knowledge to support you with the requirements of Rule 1.15 - Safekeeping Property and Rule 1.15A - Trust Account Overdraft Notification. Our firm previously served as the auditor of record for the Delaware Lawyers’ Fund for Client Protection for several years. The knowledge we gained from performing these compliance audits has increased the depth and efficiency of the services we provide to our legal clients.
Our firm can provide the following services:
- Educate a client’s internal accounting personnel so they are aware of reporting requirements
- Assist with setup of firms to ensure account titles are in compliance
- Review escrow information throughout the year and help mitigate any potential noncompliance issues
- Perform annual Precertification Compliance Audit.
We encourage all the law firms that we work with to have a Precertification Compliance Audit completed each year. The Precertification report should be attached to the Certificate of Compliance, which reduces the firm’s chance of being audited by the Lawyers' Trust Fund, as confirmed by the following quote extracted from the Lawyers' Trust Fund website:
“It is beneficial to have independent CPA's do a compliance audit because, even though it's not guaranteed, it is not likely that a law firm will be selected by the Lawyers' Fund for an audit if their CPA firm has certified their compliance.”
If you have a need for either a Precertification Audit or general questions relating to Rule 1.15 or 1.15A, please contact :
Cameron B.McDonald, CPA
(302) 656-5500
cmcdonald@mcbrideshopa.com.
