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The Regulation Society sought to ensure that the occupation was not unduly uncovered and advised a cap that might restrict cover solely in the occasion of abnormally excessive level of claims inside the three 12 months interval.
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Nonetheless, the Solicitors' Account Guidelines 1998 haven't been amended to reflect the change and Rule 38 - Reporting accountant's rights and duties - letter of engagement, refers back to the Law Society.
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The Solicitors Regulation Authority will be answerable for sending requests for and receiving accountants' report types.
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