This interactive course is suitable for a range of staff dealing with client money and is designed to equip delegates with updated know how and skills to provide effective support to busy practitioners. The course is aimed primarily at accounts and finance staff, but is also a useful background for practice Compliance Officers.
The course includes:
The current SRA Accounts Rules – a detailed review of the key sections of the Rules, including common breaches of the Rules and how to help avoid them
SRA Guidelines on Accounting Systems and Controls – an overview of the guidelines and why they matter more now than ever before
Looking back - the SRA’s consultations over the past couple of years and how they have changed the annual client money audit
Looking forward - the proposed new rules and how these will impact on practices as a whole, accounts staff, the COFA and the Reporting Accountant
How improving your systems now will help under the new rules
The SRA's view on the proposed changes and feedback received and given so far
The Accountant’s Report - the SRA's guidance on what will leads to a qualified report, what might lead to a qualified report, and what practices can do to avoid being on the wrong side of a qualified report
Tips on how to handle a qualified report
The role of the COFA and the impact of the proposed changes to the Rules
Some hints and tips on maintaining records to demonstrate compliance - including what a bank reconciliation should look like, maintaining a breaches register etc.