Notices
Notice to Profession
To: Law Society of Nunavut Members with a Trust Account
Re: New Spot Audit Program
As part of their public protection mandate, all Canadian law societies have spot audit powers to ensure that members are complying with accounting requirements and handling trust funds appropriately.
In Nunavut, specific authority to establish such a spot audit program is found in Part VI of the Legal Profession Act (LPA) and Rules 90.1-92 of the Rules of the LSN.
The LSN is scheduled to implement its new Spot Audit Program by end of this year that will affect members who operate trust accounts in Nunavut.