Type Speaker CPD Hours Level
6 UpdateInformation
Accreditation Information
SRA Competency A D


This live broadcast conference chaired by Trevor Hellawell, will explore the SRA Accounts Rules and their effect on finance and accounts staff.

The latest SRA accounts rules came into effect on 25 November 2019. While these rules are shorter and less prescriptive than previous versions, a backdrop of systems and procedures to deal with the much more prescriptive SRA Accounts Rules 2011 is still needed in order to ensure compliance.

Each session will provide opportunity for questions and answers.

Conference Agenda

This live and interactive 6 hour conference will cover the following:

9:30am-10:30am: The Current Rules & Resources - What They Don’t Say

Chair: Trevor Hellawell

This session will summarise the rules and the thinking behind them and will cover the following:

  • The current rules and the thinking behind them
  • What has changed, and what has not
  • How far can we go in adjusting our procedures?

10:30am-11:30am: The SRA Accounts Rules - The Reporting Accountant’s View

Ian Johnson, Saffery Champness

  • What firms have done to prepare for the rules and what they should be doing in the future
  • Getting ready for the annual client money audit
  • ‘Easy wins’ - how to impress your reporting accountant

AM Break - 5 minutes

11:35am-12:35pm: Banking Restrictions for Accounts Staff

Tracey Calvert

This session will reflect on the banking restriction prohibition with a discussion about the reasons for the SRA’s position, the meaning and significance of the regulatory language, case studies and disciplinary decisions, and some reflections on compliance strategies and how accounts staff can comply.

  • Banking restriction requirements
  • What are the risks of a breach in different departments?
  • How to ensure that you do not inadvertently breach the restriction?
  • The language of the banking restriction in the SRA Accounts Rules

Lunch Break - 30 minutes

1:05pm-2:05pm: VAT on Disbursements - Latest Update

Gwen Ryder

Aimed at law firm finance and accounts personnel, this session will take you through the latest guidance when dealing with VAT on disbursements and will cover the following:

  • The 'badges' of a supply
  • The 'badges' of a disbursement (Including certain costs agreed with HMRC)
  • Case law
  • Invoicing requirements and special rules for law firms
  • Practical examples

2:05pm-3:05pm: Protecting Client Money - SRA Risks for Accounts Staff

Joanna Morris

The SRA Risk Outlook 2019/20 has nine priority risks in it - one of them being the protection of client money. The SRA began 228 investigations into alleged breaches of the Accounts Rules in the first nine months of 2019 of which nearly half of them involved a firm failing to account to its client or another party entitled to money. In the first nine months of 2019 the SRA took regulatory action, including SDT referrals on 70 cases of misappropriation of client money.

This session will cover:

  • The SRA Accounts Rules - Part 2 client money and client accounts - putting these into practice
  • Third party managed accounts (TPMA) - would they work for me?
  • What do the SRA guidelines say about client money
  • Good housekeeping - keeping those residual balances to a minimum

PM Break - 10 minutes

3:15pm-4.15pm: Key Changes to Your Terms & Conditions

Trevor Hellawell

This topic will explore the key things that could be changed in your terms and conditions as follows:

  • What could be changed in your T&Cs - disbursements, interest and other matters
  • Drafting pointers
  • How to distribute T&Cs

Quick Quiz - Test Your Knowledge: Solicitors Accounts Rules

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.

Book now

Added to basket

Learn Live | 20.11.2020

Online | 9:30am - 4:15pm

SRA Accounts Rules One Year On - 2020 Virtual Conference

Continue Shopping
9:30am - 4:15pm

Prices (ex VAT)
Plan Information
Ticket Information
Individual licence
Group bookings
Discounts are available for multiple places. If you have 5 or more people interested in participating in this virtual learning session please email us at information@mblseminars.com for more information.

Related Events