Trust Account Auditing for Victorian Law Practices

Our firm comprises auditors who are individually approved External Examiners registered with the Victorian Legal Services Board + Commissioner (VLSBC). We provide independent trust account audits to ensure Victorian law practices meet their obligations under the Legal Profession Uniform Law (Victoria) and associated regulations.

Appointment of an External Examiner

If your law practice receives trust money (excluding transit money), you are required to appoint an External Examiner within one month. This appointment must be notified to the VLSBC using the appropriate form, available here: Notification of appointment of External Examiner.

The VLSBC maintains a public register of qualified examiners, which can be found at: https://lsbc.vic.gov.au/resources/register-external-examiners. You'll find our auditors, Robin Li and Shakeel Khan, proudly listed among them.

Trust Examination Period

The trust accounting year in Victoria runs from 1 April to 31 March.

Lodgement of the Examiner's Report

Following the examination, we are required to lodge the External Examiner's Report via LSB Online. This must be completed within 60 days of the end of the trust year, i.e., by 31 May each year.

Final Examinations

If your law practice closes or stops receiving trust money, a final examination is required. This must be conducted and lodged within 60 days of the trust account closure.

More info: Closing a trust account - Fact sheet

General Information

For detailed guidance on opening, managing, and complying with trust account requirements in Victoria, visit: Trust Accounts - VLSBC

Stay Compliant with Confidence

Engaging a qualified and experienced trust account auditor is not just a legal requirement--it's a critical safeguard for your clients and your practice. We pride ourselves on providing thorough, timely, and compliant external examinations for Victorian solicitors.

Get in touch with us today to arrange your audit or discuss your trust account obligations.