This interactive and highly practical course is aimed primarily at Accounts and Finance Managers, Finance Partners and COFAs, but is also ideal for other individuals with responsibility for ensuring compliance with the SRA Accounts Rules. The course is also useful for solicitors considering starting their own practice.
Topics covered include:
Key principles behind the SRA Accounts Rules
Detailed review of the key sections of the Accounts Rules, including practical guidance on ensuring compliance
Common breaches of the Accounts Rules, including tips on how to spot them and how to avoid them
A practical guide to key systems and controls, including bank reconciliations, dealing with residual client balances, and client file reviews
Client and office account frauds, including cybercrime. Practical guidance on fraud prevention and detection, and a look at real-life examples
Recent changes to the role of the reporting accountant and their work on legal practices, including a look at the types of breaches that lead to a qualified report
How to prepare for the new Accounts Rules coming into force in November 2019
The role of the COFA and guidance on reporting to the SRA
Common VAT issues, including profit costs and disbursements
Financial stability in legal practices, including working capital management.