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SRA Accounts Rules Training

Legal Finance Professionals provide the following SRA Accounts Rules Training courses.

  • SRA Accounts Rules for Solicitors: A Practical Guide to Compliance
  • Acting for Solicitors - A Guide for Reporting Accountants
  • NEW: SRA Accounts Rules 2018 - An Introduction to the New Rules

SRA Accounts Rules for Solicitors: A Practical Guide to Compliance

3 CPD Hours

“Well paced, easy to listen to and thorough” E.F. Partner, West Midlands

This course focuses on the main provisions of the SRA Accounts Rules, contained within the new SRA Handbook, governing how solicitors handle clients' money, and is primarily aimed at those working in private practice. Although assuming no prior knowledge, delegates attending this course will quickly build a sound understanding of the SRA Accounts Rules by looking at the most common compliance issues that occur in practice and the pitfalls to be avoided including problem areas such as the treatment of residual balances on client ledger accounts.

Delegates attending this course will benefit from Richard Lane's expert knowledge and experience in the following areas -

  • Why do we need the SRA 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
  • Clients' money interest rules
  • Accountant's Reports & waivers
  • Monitoring & enforcement by the SRA

This course is designed to meet the needs of Compliance Officers for Finance and Administration (COFA's), sole practitioners, partners, members, directors, managers, fee earners, compliance/risk officers, practice managers and finance staff working within a solicitors practice or Alternative Business Structure (ABS).

Acting for Solicitors - A Guide for Reporting Accountants (Live Webinar)

3 CPD Hours

“The course was very well presented and informative. This was the best presented course I have been on in a while and questions were well answered. Thank you.” S.S. Audit & Accounts Manager, South East

This course has been tailored to meet the specific needs of accountants involved in the ‘audit’ of firms of solicitors under the SRA Accounts Rules 2011 and focuses on the role of the accountant and the expectations of the Solicitors Regulation Authority when completing an Accountant's Report.

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

This course will cover the following topics -

The Role of the SRA

  • The new regulatory regime
  • SRA Inspection Visits under Rule 31

The Role of the Reporting Accountant under the SRA Accounts Rules 2011

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

High Risk and Problem Areas

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

Open Forum

  • Your questions answered

This course has been designed specifically to meet the needs of staff from accountancy firms who act for solicitors' practices or Alternative Business Structures (ABS) and is appropriate for all levels from audit staff to partners. It is also suitable for those with an interest in understanding the role of the Reporting Accountant including sole practitioners, partners, members, directors, managers, fee earners, compliance/risk officers, practice managers and finance staff.

NEW: SRA Accounts Rules 2018: An Introduction to the New Rules (Live Webinar)

1 CPD Hours

The draft version of the SRA Accounts Rules 2018, published by the SRA in June 2017, have been reduced to seven pages in length and consists of just twelve rules. Inevitably, such a major revamp of the SRA Accounts Rules means that much has changed but at the same time the broader underlying principles remain, by and large, intact. With the new SRA Accounts Rules 2018 expected to come into force before the end of the year, subject matter expert, Richard Lane, will be looking at the impact of the new rules upon those solicitors' firms and Alternative Business Structures (ABS) who are regulated by the Solicitors Regulation Authority.


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