Trust Account Review: Law Firms

Why Choose Mizael Partners for Trust Account Review: Law Firms?

Mizael Partners was founded in 2013. Since then, we have helped more than 2,000 clients become self-sustaining, compliant, and ready for growth. We are specialists providing innovative solutions in accounting, auditing, financial advice, tax, bookkeeping, and forensic accounting. Contact us today to find out what we can do for your business.

Under the Legal Profession Uniform General Rules 2015, an external examiner must lodge the Examiner’s Report and Statement of Trust Money with the Victorian Legal Services Board by 15 May for the audit year ending 31 March.

What is the value of a trust account review?

Mizael Partners can provide independent assurance on the operation of your trust accounts. Our professional team provides trust account auditing service in a timely and effective manner, allowing your law firm to fully comply with Victorian regulations without unnecessary hindrance to you and your staff.

At the core, we review your practices and procedures, identify potential issues with your trust account, and provide you with the necessary assurance report. 

What trust account review services do we provide for law firms?

Our services include a full suite of auditing and assurance activities that meet regulatory requirements relating to solicitor, lawyers and law firms trust accounts:

  • Review of practices and procedures;
  • Identification of potential issues with your trust accounts;
  • Provision of necessary assurance reports;
  • Compliance review of client trust accounts;
  • Review of trust receipts and payments;
  • Review of bank statements and bank reconciliations;
  • Confirmation of trust balances;
  • Review of journals;
  • Review of controlled money accounts;
  • Examination of matter files;
  • Review of general bank accounts;
  • Review of trust ledger accounts.

You’ve made the right choice with Mizael Partners.

Mizael Partners have been providing audit review services for law firms since 2013.

We are a registered chartered accounting company fully approved by Consumer Affairs Victoria to undertake audits of estate agency trust accounts. We specialise in ensuring all financial records accurately reflect the position of an individual or organisation. We make sure that all statements and records are compliant with Australian Accounting Standards or International Accounting Standards, Australian Charities and Not-for-profits Commission (ACNC) and the Australian Securities and Investments Commission (ASIC) where required. We also have regular training sessions for our staff to ensure that they are up to date with all the changes in taxation, Accounting Standards and other regulations. 

Contact us

To speak to one of our accredited accountants, please call us on 1300 444 004.

Take advantage of this exclusive offer, available for new business clients until the end of November


* Available for new business clients only until the end of November.

Industry Experience

Are you a local Melbourne business in Ringwood, Bayswater, or Croydon? Looking for business accounting and tax accounting solutions? We would love to help you grow.

Our friendly staff are ready to help you. Enquire below for a response within 1 business day.

Please note, we cater to business, corporate and organisational based clients, and unfortunately cannot assist with individual tax returns at this time.

Typical response time: two business hours.

some of our happy clients

Don’t just take our word for it. Hear from some of the clients we have had the pleasure of working with.