SRA Accounts Rules Update - Sharpen Your Knowledge

Introduction

What difference have the 2019 SRA Accounts Rules made to you and your working life? Maybe not much.

That said, there are many relaxations of which we can still take advantage, and there are some alterations that might need to be addressed if we are to remain compliant and yet operate our businesses with as much ease as possible.

Recently the SRA have been busy fining firms for breach, not only of acting without integrity but also of breaching specific provisions, most notably around Rule 3.3 and the offering of banking facilities.

During this webinar compliance expert Trevor Hellawell will review the published and updated resources available and will share his thoughts on what regulators are looking for in terms of the systems and procedures firms should have in place.

Fee-earning and administrative staff will benefit from this updating webinar.

What You Will Learn

This webinar will cover the following:

• An outline of the new Rules
• The key mistakes under the ‘old’ regime
  • Can we bill before we do the work?
  • Banking facilities - are we doing things for clients that we should not?
  • Dealing with residual balances on client account ledgers
  • Can we avoid paying any interest to clients?
• Reconciliations - what, who and how?
• Duties of the COFA - what should our relationship be with our reporting accountants?
• Key checklists and benchmarks
• Other frauds and scams to avoid

This webinar was recorded on 20th April 2023