SRA Update and Refresher

Objectives

This webinar will ensure that Reporting Accountants are kept up to date on their responsibilities and will provide delegates with a detailed review of the SRA Accounts Rules. The session will cover the most up to date guidance on the Rules from the SRA and the work and role of the Reporting Accountant from the ICAEW.

Key topics

• The rules themselves including, definitions, client bank accounts, receipts and payments and transferring money for the firm’s charges.
• Problem areas: including the prohibition on banking facilities (rule 3.3); dealing with client balances (rule 2.5); the requirements for Client Own Accounts (rule 10)
• Detailed guidance from the SRA - including recent Solicitors Disciplinary Tribunal rulings.
• The role of the Reporting Accountant:
  • Risk issues
  • Serious breaches/reportable issues

Who should attend

All partners and staff undertaking SRA work.