{"id":375,"date":"2019-11-08T20:57:55","date_gmt":"2019-11-08T20:57:55","guid":{"rendered":"https:\/\/accountant4lawyer.com\/en\/?page_id=375"},"modified":"2019-11-11T16:59:12","modified_gmt":"2019-11-11T16:59:12","slug":"spot-audit-2","status":"publish","type":"page","link":"https:\/\/accountant4lawyer.com\/en\/services\/spot-audit-2\/","title":{"rendered":"Spot Audit"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"375\" class=\"elementor elementor-375\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-226bc03 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"226bc03\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-50d1d5b\" data-id=\"50d1d5b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8c0d8b6 elementor-widget elementor-widget-heading\" data-id=\"8c0d8b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">spot audit assistance<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-91eaf30 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"91eaf30\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b7964bc\" data-id=\"b7964bc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ed7025 elementor-widget elementor-widget-heading\" data-id=\"0ed7025\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-xl\">Red flags you need to know that could trigger The Law Society audit including: identification of inadequacies during a previous spot audit; newly formed law firms to ensure appropriate record-keeping practices; failure to file the Lawyer Annual Report (LAR); non-compliance with the Law Society's record-keeping provisions or Rules of Professional Conduct and so on. (https:\/\/lso.ca\/lawyers\/about-your-licence\/spot-audit).<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6153d1b elementor-widget elementor-widget-text-editor\" data-id=\"6153d1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left; padding-left: 40px;\"><strong><em>Our goal is to maintain your financial records in accordance with\u00a0<\/em><a href=\"https:\/\/www.lsuc.on.ca\/BooksandRecords\/\"><em>By-Law 9<\/em><\/a><em>.<\/em><\/strong><\/p><ul><li style=\"text-align: left;\">Pre-audit: To rectify any minor errors in your record-keeping practices prior to the auditor&#8217;s visit and prepare the reports for audit use in accordance with the requirements of By-Law 9<\/li><li style=\"text-align: left;\">Site-audit: To appoint the dedicated bookkeeper to assist you during the audit process<\/li><li style=\"text-align: left;\">After-audit: To help you review the Audit Report with Members and correct the deficiencies identified in the report to the society\u2019s satisfaction<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41ad7d0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41ad7d0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a2a60fe\" data-id=\"a2a60fe\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa90503 elementor-widget elementor-widget-heading\" data-id=\"aa90503\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Resources<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-40cee46 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"40cee46\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60ce607\" data-id=\"60ce607\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a4408da elementor-widget elementor-widget-text-editor\" data-id=\"a4408da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p align=\"left\"><span lang=\"EN-US\">Spot Audit supports and promotes high quality law firm record keeping by answering questions and providing guidance regarding private mortgages, trust and general record keeping requirements, and By-Law 9 and providing onsite support and ensuring compliance with LSO requirements by conducting audits.(<\/span>https:\/\/www.lso.ca\/lawyers\/about-your-licence\/spot-audit)<\/p><p style=\"text-align: left;\" align=\"left\"><span style=\"text-decoration: underline;\"><strong>The Spot Audit Program<\/strong><\/span><\/p><p style=\"text-align: left;\" align=\"center\">Designed as a pro-active compliance measurement and problem detection tool, measure the integrity of law firm financial filing (By-Law 8), assess ongoing compliance with financial record-keeping requirements (By-Law 9) and the Rules of Professional Conduct, and identify serious misconduct related to financial matters.\u00a0<\/p><p><span style=\"text-decoration: underline;\"><strong>Preparing for a Spot Audit &#8211; From LSO<\/strong><\/span><\/p><p><strong>Initial Spot Audit Notice<\/strong><br \/>The auditor will fax or e-mail to you a list of books and records the LSO is looking for.<\/p><p><strong>Maintaining Financial Records<\/strong><br \/>Ensure that a paper copy of all financial records, whether entered and posted by mechanical or electronic means, can be produced promptly upon the Law Society of Ontario&#8217;s request. Section 21 of LSO By-Law 9.<\/p><p><strong>Current Financial Records<\/strong><br \/>Ensure your financial records required to be maintained under Sections 18 &amp; 19 of LSO By-Law 9 are entered and posted current at all times : Subsection 22(1) of LSO By-Law 9.<\/p><p><strong>Completeness of Financial Records<\/strong><br \/>You must include the full particulars as required by the subsections of the LSO By-Law. Each record should indicate which record it is and include your firm name.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1a8f9e elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1a8f9e\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-660b37d\" data-id=\"660b37d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2083df elementor-widget elementor-widget-heading\" data-id=\"a2083df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Free Estimation<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe81238 elementor-widget elementor-widget-heading\" data-id=\"fe81238\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Request a quote<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-30d58e6 elementor-widget elementor-widget-text-editor\" data-id=\"30d58e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Call Us Today: 647-343-8088<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4c93fc1\" data-id=\"4c93fc1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2db2b00 elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"2db2b00\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">GET A QUOTE<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>spot audit assistance Red flags you need to know that could trigger The Law Society audit including: identification of inadequacies during a previous spot audit; newly formed law firms to ensure appropriate record-keeping practices; failure to file the Lawyer Annual Report (LAR); non-compliance with the Law Society&#8217;s record-keeping provisions or Rules of Professional Conduct and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":44,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"enabled","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-375","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/pages\/375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/comments?post=375"}],"version-history":[{"count":6,"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/pages\/375\/revisions"}],"predecessor-version":[{"id":420,"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/pages\/375\/revisions\/420"}],"up":[{"embeddable":true,"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/pages\/44"}],"wp:attachment":[{"href":"https:\/\/accountant4lawyer.com\/en\/wp-json\/wp\/v2\/media?parent=375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}