Content of Course

Introduction to SRA Accounts Rules Assignments is designed for delegates who are new to Solicitors Regulation Authority (SRA) Accounts Rules assignments, as well as staff who require a thorough refresher. The course is structured around the current SRA Accounts Rules and highlights key areas of risk that firms need to be aware of.

This course covers:

• An overview of the legal sector
• Why solicitors hold client money and the risks involved
• The role and responsibilities of the Solicitors Regulation Authority
• The function of the COFA and their obligations
• How client money is regulated, including a detailed review of the SRA Accounts Rules and supporting guidance
• Common breaches of the rules and how to identify them
• Recent changes to the rules and current issues affecting the sector
• The work required to support an Accountant’s Report, including:
  • Planning
  • Fieldwork, with a focus on documenting evidence and addressing common problems
  • Finalisation, including reporting considerations
  • Practical challenges and how to resolve them effectively