SRA Accounts Rules - The Six ‘Deadly’ Accounts Rules Breaches - Modular Webinar

Introduction

Most potentially significant or reportable breaches of the SRA Accounts Rules fall into six categories.

These categories also represent the key issues that firms have historically struggled to stay on top of once systems begin to fail.

Comprising 6 bite-sized modules, this box set will examine each category in turn and offer guidance on how to avoid falling victim to a qualified Accountant’s Report.

Expert speaker Luke Dickinson will also share his experiences of breaches of the Accounts Rules that he sees regularly through his role as a Reporting Accountant.

Agenda

The modules covered are as follows:

Module 1 - Residual Balances

A toolkit for dealing with tricky balances

Module 2 - Providing Prohibited Banking Facilities

How to avoid falling foul of the rules

Module 3 - Reconciliations Processes

The requirements for a good client and office account reconciliation and how to spot breaches

Module 4 - Deficient Accounting Records

The do’s and don’ts when accounting for client money

Module 5 - Shortfalls from the Client Account

Shortfalls including taking costs from the client account that have not been incurred and how to spot and avoid incorrect withdrawals from the client account

Module 6 - Taking Client Funds on Account of the Firm’s Costs

When to take client money for your firm’s costs and when costs cannot be taken