Solicitors Regulation Authority Accounts Rules

The objectives of this course are to ensure all staff dealing with SRA Accounts Rules work are up to date, and confident in dealing with the testing and reporting requirements. It will be of benefit to staff who have some experience of the rules but need to refresh their knowledge and ensure they are fully up to date. The course will be practical and participative and will cover: A reminder of the key definitions and different time frames under the rules; Receipt and payment rules; Review and reminder of the trickier areas of the rules and common breaches, including: Dealing with residual balances; Earmarking issues; ‘Proper’ client accounts reconciliations;  What the SRA look for in their reviews; Breaches that are likely to instigate a visit or follow up questions from the SRA; SRA’s risk assessment of Accounts Rules breaches.