External Examiner Mildura

An external examiner in Victoria is a qualified professional approved by the Victorian Legal Services Board and Commissioner (VLSB+C) to conduct independent examinations of law firm trust accounts. These examiners review your trust accounting practices, verify compliance with the Legal Profession Uniform Law (LPUL) and Trust Money Rules, and provide reports to both your firm and the regulatory authority. All law practices holding trust money in Victoria must use a VLSB+C approved external examiner for their annual compliance examination.

You can find a VLSB+C approved external examiner in Mildura by contacting our network directly at 1300 133 244. We connect law firms with approved examiners who serve the Mildura and Sunraysia region. When selecting an examiner, ensure they are on the VLSB+C approved list and have experience with practices similar to yours. Our service simplifies this process by matching you with the right examiner for your specific needs.

The cost of an external examination in Victoria varies based on several factors including the size of your practice, trust account turnover, the complexity of your transactions, and the number of branch offices. Most examinations range from $1,500 to $5,000 for standard practices, with larger or more complex firms potentially paying more. We offer competitive fixed-fee pricing with no hidden costs. Contact us at 1300 133 244 for a quote tailored to your Mildura practice.

During an external examination, the examiner will review your trust accounting records, including receipts, payments, bank statements, and reconciliation reports. They will verify that all trust money has been properly handled, deposited into appropriate accounts, and disbursed correctly. The examiner will check your compliance with LPUL requirements, review your internal controls, and assess the accuracy of your trust ledgers. For Mildura firms, examinations can often be conducted remotely using secure document sharing. The process typically takes 1-3 days depending on the size of your practice.

In Victoria, external examinations must be completed, and reports submitted to the VLSB+C within 60 days of your firm's financial year end. For most law practices with a 30 June financial year end, this means examinations should be completed by 31 August. However, you should engage your examiner well before this deadline to ensure adequate time for preparation and to address any issues identified. We recommend contacting us at least 2-3 months before your deadline to secure your preferred examination date.

Yes, external examinations can be conducted remotely for Mildura firms. Using secure document sharing platforms, video conferencing, and electronic bank statement requests, our examiners can complete thorough examinations without visiting your office in person. This is particularly convenient for regional firms in the Sunraysia area, saving you time and travel costs while maintaining the same level of thoroughness and compliance verification.

For your external examination, you'll need to provide trust account bank statements for the examination period, all trust receipts and payments documentation, trust ledger accounts, monthly reconciliation reports, trust money reconciliations, authority documents for controlled money, and your practice's trust accounting policies and procedures. Your examiner will provide a detailed checklist before the examination begins to ensure you have everything prepared.

If your external examination identifies compliance issues, your examiner will document these in the examination report and may recommend corrective actions. Minor issues can often be resolved quickly within the examination period. More serious breaches may require remediation and follow-up reporting to the VLSB+C. Our examiners work constructively with practices to address issues promptly, and early engagement gives you more time to rectify any problems before your compliance deadline.