SRA Accounts Rules compliance
Following the release of the SRA Accounts Rules which came into force on 25 November 2019, we have provided numerous workshops for cashiers, COFAs and fee earners to ensure that firms understand the significant changes and the factors that are most likely to impact on their roles within the business.
For some firms, we also provide regular updates. Our course content can include all of the following:
- A background to the SRA’s various consultations, which have led to the 2019 SRA Accounts Rules
- Key principles behind the SRA Accounts Rules
- Detailed review of the key sections of the Accounts Rules, including practical guidance on ensuring compliance
- Common breaches of the Accounts Rules, including tips on how to spot them and how to avoid them
- A practical guide to key systems and controls, including bank reconciliations, dealing with residual client balances, and client file reviews
- Client and office account frauds, including cybercrime. Practical guidance on fraud prevention and detection, and a look at real-life examples
- Changes to the role of the reporting accountant and their work on legal practices, including a look at the types of breaches that lead to a qualified report
- Common VAT issues, including profit costs and disbursements
For anyone appointed to the role of COFA we can provide additional support, including guidance on responsibilities of the role, reporting to the SRA and practical tips.
Please also see our series of online webinars which give a brief overview of the content covered in the above course.