Annually our audit team undertake over 40 external examinations of Queensland based Law Practice Trust Accounts. During the audit season our team travel across Brisbane, the Gold Coast and South East Queensland working with Principals and Practice managers to undertake year end trust account audits to ensure compliance with the Legal Profession Act 2007 & Legal Profession Regulations 2017.
Why appoint GMD as your External Examiner this year?
1. Our audit team are highly skilled & 100% independent, with over ten years of experience providing external examination services to Gold Coast, Brisbane and South East Queensland.
2. Our team have considerable commercial knowledge in a range of legal practice software solutions including Leap Legal, Smokeball, Open Practice, Action Step, Comparto & LawMaster.
3. External examinations are performed by one of our Practice Partners in association with qualified & experienced Chartered Accountant auditors, not junior staff.
4. Our audit team continually go beyond just performing an annual audit & publishing an External Examination Report to the QLS. We assess law practices internal controls and endeavour to promote best practice procedures to our legal firm clients to improve trust account procedures.
5. We have developed a standardised pricing structure for Queensland based Law Practices providing legal firms with transparency in regards to our professional service fees and further ensuring our independence. We have regular scheduled blocks each year for external examinations, both on the Gold Coast and in Brisbane – or we can arrange a visit to your legal practice on an ad hoc basis where required, simply contact out team to book in.
What are the steps to engage GMD as your auditor?
1. Contact our team via email or on 07 5628 0112 to discuss your current trust account software, practice and audit requirements.
2. We will then email to you for review a fixed price quotation for audit services. Should this be accepted we will then prepare the QLS Form 31 notifying the QLS of our appointment as your external examiner.
3. Our team will contact your firm’s Partner and/or practice manager to arrange a suitable date and time to come to your premises and undertake the external examination testing.
Fixed Cost Annual External Examinations
For the audit period ending 31 March 2025 for law firms administering a Queensland based law practice trust account we offer fixed price annual external examinations services.
Contact our audit team via email or 5628 0112 and for confirmation of our 2025 Fixed Price Trust Account Audit Fees.
Any questions?
Feel free to contact our team on 5628 0112 or via email.