Page 306 - IOM Law Society Rules Book

ADVOCATES ACCOUNTS RULES 2008

APPENDIX 3 – ACCOUNTANT’S REPORT FORM (RULE 47)

Every advocate and recognised body who holds or receives client money or controlled trust money, or who operates a client’s own
account as signatory, must produce annually a report by an accountant qualified under rule 37 of the Advocates’ Account Rules 2008
to the effect that the advocate has complied with Parts A and B, rule 24 of Part C, and Part D of the rules.
¾ The report must be delivered once during each practice year.
¾ When an advocate retires from practice (or for any reason stops holding or receiving client money or controlled trust money, or
operating any client’s own account as signatory), he or she is obliged to deliver a report covering the period up to the date on
which the advocate ceased to hold client money or controlled trust money, or to operate any client’s own account as signatory.
¾ An accountant’s report is required from an advocate who has been held out as a partner in a practice which has held or received
client money or controlled trust money. Therefore, any advocate whose name is included in the list of partners on the firm’s
letterhead, even if the name appears under a separate heading of “salaried partner” or “associate partner”, should be included in
this report.
1. Firm details. Please complete the name of the advocates’ firm, recognised body or in-house practice for which
this report is being submitted.
Firm

Report Period to

2. Firm’s name(s) and address(es) covered by this report. The name(s) under which the office(s) practice. All address(es) at
which the advocate(s )or recognised body practise(s) must be covered by an accountant’s report or reports.
Please list on a separate sheet all other offices not covered by this report, with reasons.

1. Address (main office) 2. Other office

Postcode Postcode
Name of firm if different Name of firm if different
from that in Section 1 from that in Section 1

3. Other office 4. Other office

Postcode Postcode
Name of firm if different Name of firm if different
from that in Section 1 from that in Section 1

APPENDIX 3 – Accountant’s Report Form (Rule 47) page 63