Avoiding Common Breaches of the SRA Accounts Rules - A Reporting Accountant’s View

Introduction

Presented from the view of an experienced reporting accountant, this virtual classroom session will look at the common breaches of the SRA Accounts Rules, whether these might be deemed to be reportable or not and what your firm should be considering when maintaining your breaches register.

What You Will Learn

This live and interactive session will cover the following:

• Common breaches of the SRA Accounts Rules - have the new rules changed the sorts of breaches that are being noted?
• Key areas of interests at the SRA: prohibited banking facilities, suspense ledgers, charitable donations and residual balances
• SRA guidance - serious v moderate factors - what does the SRA expect the reporting accountant to be reporting and to what degree can accountants exercise their professional judgement
• To report or not report? What should the COFA consider when contemplating a self-report to the SRA
• Key areas of difference between the old and new rules and whether you may find yourself inadvertently breaching them

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.