Annual Report & Accounts 2026
46
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF KEYSTONE LAW GROUP PLC CONTINUED
The most significant laws and regulations were determined as follows:
Legislation/
Regulation
Additional audit procedures performed by the Group audit engagement team included: UK-adopted IAS and Companies Act 2006
Review of the financial statement disclosures and testing to supporting documentation; and Completion of disclosure checklists to identify areas of non-compliance.
Tax compliance regulations
Review of information submitted to HMRC, for consistency with other financial information reported.
Employment tax law
Review of HM Revenue & Customs IR35 guidance against the Group’s business model.
Regulatory compliance
Discussions with the management as to whether all required communications with the Solicitors Regulatory Authority (SRA) have been made. The Group undergoes a separate SRA audit.
The areas that we identified as being susceptible to material misstatement due to fraud were:
Risk
Audit procedures performed by the audit engagement team: Revenue recognition and year end accrued income
The key audit matters section of our report explains this matter in detail and describes the specific audit procedures performed in response.
Management override of controls Testing the appropriateness of journal entries and other adjustments; Assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report
USE OF OUR REPORT This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
WILLIAM FARREN FCA (SENIOR STATUTORY AUDITOR)
For and on behalf of RSM UK Audit LLP, Statutory Auditor Chartered Accountants
25 Farringdon Street London EC4A 4AB
28 April 2026
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF KEYSTONE LAW GROUP PLC CONTINUED
The most significant laws and regulations were determined as follows:
Legislation/
Regulation
Additional audit procedures performed by the Group audit engagement team included: UK-adopted IAS and Companies Act 2006
Review of the financial statement disclosures and testing to supporting documentation; and Completion of disclosure checklists to identify areas of non-compliance.
Tax compliance regulations
Review of information submitted to HMRC, for consistency with other financial information reported.
Employment tax law
Review of HM Revenue & Customs IR35 guidance against the Group’s business model.
Regulatory compliance
Discussions with the management as to whether all required communications with the Solicitors Regulatory Authority (SRA) have been made. The Group undergoes a separate SRA audit.
The areas that we identified as being susceptible to material misstatement due to fraud were:
Risk
Audit procedures performed by the audit engagement team: Revenue recognition and year end accrued income
The key audit matters section of our report explains this matter in detail and describes the specific audit procedures performed in response.
Management override of controls Testing the appropriateness of journal entries and other adjustments; Assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report
USE OF OUR REPORT This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
WILLIAM FARREN FCA (SENIOR STATUTORY AUDITOR)
For and on behalf of RSM UK Audit LLP, Statutory Auditor Chartered Accountants
25 Farringdon Street London EC4A 4AB
28 April 2026