Checklists for Law Society of BC (LSBC) Real Estate Trust Accountant’s Reports
Checklists, letters and report templates for Law Society of BC Trust Accountant’s Reports.
The new standards for Agreed-upon Procedures Engagements (“CSRS 4400”) are effective for engagements entered into after January 1, 2022. Here in British Columbia the most commonly executed engagements which fall under this new standard are Accountant’s Reports requested by various regulators.
To assist practitioners in the adoption of the new Agreed-Upon Procedures standards we have made available for purchase our template Caseware file for Law Society Accountant’s Reports. The Caseware file includes a draft engagement letter, acceptance and finalization checklists, draft representation letter as well as a template Agreed-Upon Procedures Report including the reporting structure for your findings and exceptions. Note that the Caseware File includes the LSBC requirements as posted on the LSBC website as at March 2022.
Should the LSBC make substantive changes to the Accountant’s Report requirements we will make available to you an updated template for purchase.