SRA Accounts Rules & Formal Bank Reconciliations - Compliance Reporting Masterclass

Introduction

The SRA Accounts Rules require firms to formally reconcile their client accounts once every five weeks, which should then be reviewed by a COFA or a manager of the firm. These are usually performed to the month end and are completed in the days following.

However, what is not included in this rule are the other checks that should be completed at this crucial time in the month.

During this seminar, expert speaker Luke Dickinson will explore the formal month end bank reconciliation process, looking at both the client account and office account bank reconciliations. He will also explore other handy compliance reporting that can be included in the reconciliation process and throughout the year.

What You Will Learn

This course will cover the following:

• Reconciling the client account, and the three-way reconciliation process
• Reconciling the office account, and how that ties in with the client account reconciliations
• Potential pitfalls from both client account and office account reconciliations
• What is expected from the COFA’s review of the reconciliations
• What compliance reporting should you be using?
• How to maximise your compliance reporting
• How to break up your compliance reporting tasks through the year