Regulatory and Compliance Training & Consultancy

This course has been tailored to meet the needs of accountants involved in the audit of firms of solicitors under the Solicitors' Accounts Rules 1998.

Delegates attending this course will benefit from Richard Lane's expert knowledge and experience of this important topic.

This course will cover the followig topics -

The Role of the SRA

• The regulatory regime
• Latest facts & figures from the SRA

The Solicitors' Accounts Rules 1998: Parts A to E

• Why do we need the Solicitors' Accounts Rules?
• The Accounting Requirements
• SRA guidelines for accounting systems & procedures
• Definition of clients' and office money
• Examples of clients' money
• What is a client bank account?
• The proper treatment of costs & disbursements
• Withdrawals from Client Account
• Transferring costs and disbursements
• Method of withdrawals from client account
• Accounting for legal aid
• Deposit Interest Rules

High Risk and Problem Areas

• Understanding risk in a solicitor's firm
• Identifying problems

The Solicitors' Accounts Rules 1998: Part F

• Duty of care
• Administrative issues
• Test procedures
• Completing the Accountant's Report Form

Open Forum

• Your questions answered

This course is designed to meet the needs of those staff from accounting firms acting for firms of solicitors and is appropriate for all levels of staff from partners to audit clerks. It is also suitable for principals in practice,fee earning staff, compliance/risk officers, finance staff and practice managers.