File Auditing - A Toolkit for COLPs

Introduction

This webinar will prompt COLPs and those others responsible for file reviews to rethink their processes, get away from a ‘tick-box’ approach and make them more dynamic and relevant.

It will reflect the changes brought about by the SRA Standards and Regulations and also the impact of the hardening market for professional indemnity insurance.

By the end of this session, COLPs and others responsible for your firm's file auditing will have a clear roadmap for a much-improved process.

What You Will Learn

This webinar will cover the following:

• What makes a file review process really work
• Why the SRA’s 2019 Standards and Regulations should be reflected in your approach to file audits
• How to unbundle the process and improve each step
• File selection and audit conduct
• How to target files for review like an insurer or a regulator
• File audits for AML and SRA Accounts Rules compliance
• The regulatory context and the requirements of the various certification schemes such as Lexcel and CQS
• The different approaches required for paper and electronic audits
• What to consider with fee earners whether newly qualified or senior lateral hires or partners!
• How to gain real value from the process

This webinar was recorded on 9th January 2023