The Solicitors Accounts Rules (strictly the SRA Accounts Rules) are shorter and simpler than ever before, but everyone should know about the changes, not just Accounts staff.
Course Content
See face-to-face overview for course details.
SRA Accounts Rules Live Online Course
To suit your requirements
Fee earners and support staff
Face-to-Face
The “new” SRA Accounts Rules are with us and in full force. They are shorter and simpler than ever before, but the alterations and “relaxations” need to be addressed by everyone, not just your accounts staff.
This course will help everyone to remain compliant and operate your businesses with as much ease as possible.
Content
This session will look at the following topics:
- An outline of the new Rules
- Can we bill before we do the work?
- Dealing with small balances on Client Account ledgers
- Can we avoid paying any interest to clients?
- Duties of the COFA – what future for the reporting Accountants?
- Third party managed accounts – a viable option?
- Reconciliations – what, who and how?
- Frauds and scams to avoid
Outcomes
As a result of attending this course, you will:
- understand all the major changes
- know how to adapt and operate your systems and procedures compliantly
- understand the SRA’s expectations better
SRA Accounts Rules Face-to-Face Course
To suit your requirements
Fee earners and support staff
E-learning
The SRA Accounts Rules were introduced on 25 November 2019. This e-learning course is essential for all solicitors to comply with their obligation (Code of Conduct for Solicitors 7.1) to keep up to date with the law and regulation governing the way they work. It provides a comprehensive survey of the rules and their practical implications.
Content
- “Client money” – what is it and how must we handle it?
- Correcting breaches of the rules
- Paying interest
- Operating joint accounts and client’s own accounts
- Third party managed accounts
- Obtaining accountant’s reports
- Systems, controls and records
Outcomes
As a result of completing the course, delegates will be able to:
- Identify what is (and what is not) client money
- Handle client money properly
- Avoid common traps and misunderstandings
- React properly when errors occur
- Distinguish between expenses and disbursements
- Manage the risks effectively and efficiently
SRA Accounts Rules E-learning Course
1 hour
Lawyers and support staff
£30 + VAT
Tutors
Testimonials
