See information on the financial regulation requirements for solicitors and the Law Society's regulatory role.
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Law Society investigating accountants ensure that solicitor firms are operating in full compliance with the Solicitors (Accounts) Regulations 2023. The most common breaches of the regulations are set out below.
The Law Society’s objective is to protect clients’ monies in the interest of the public generally and to protect the profession, who must make up deficits through the Law Society’s Compensation Fund.
Any solicitor’s practice in Ireland that holds clients’ monies must submit an annual Reporting Accountant's report to the Law Society.
