SRA Accounts Rules 2019 – specific issues and how integrity is all [2024]

Webinar Details

Available from 20th March 2024

Expires after 90 days

Trevor Hellawell MA (Cantab)

CPD Hours: 1


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NEW FOR 2024! This 1 hour webinar is presented by Trevor Hellawell and provides an essential and useful update.

PLEASE NOTE: This SRA Webinar will be viewable from 20th March 2024.

The ‘new’ rules are a lot more bedded-in now, as well as being simpler and more flexible. But they are still equally significant to anyone in the law firm, as recent examples have shown, and the duties on all of us, but especially those with responsibility for finance or accounts, remain strict indeed. We will discuss

  • The key rules including:
  • SRA Resources and checklists
  • SRA enforcement and penalties
  • VAT & Brabners – is it still an issue?
  • Rule 3.3: Banking facilities
  • Rule 5: Residual client balances
  • Rule 8: Reconciliations
  • Rules 12-13: Accounting systems and records
  • Recording and immediate reporting of breaches to the COFA & SRA
  • Other key duties on the COFA
  • Relationship with the Reporting Accountant – are they becoming more exacting in their investigations?

Key takeaways from this webinar:

  • SRA thinking: integrity is all
  • Banking facilities – thoughts to ponder & things to avoid
  • Key questions to answer
    • Can we bill before we do the work?
    • What about unattributable sums sent to client account?
    • How should we deal with residual balances on Client ledgers?
    • Have our time-frames been shortened?
  • Reconciliations – what, when, who and how?
  • Hardening attitude of the investigating accountants
  • Checklists to reflect upon

  • Proposed new amendments

Have you considered upgrading to our 4-hour SRA Mandatory Learning Bundle?

Firms are already seeing an increase in SRA audits of firms’ compliance with the Code of Conduct for Firms; therefore, it is fundamental that you and your team are up to date on your SRA competency standards.

This package provides 4 hours of essential mandatory CPD training, designed to be applicable to all lawyers, ensuring your skills are up to SRA standards in accordance with the competency statement.

Webinar Details

Available now

Expires after 90 days

Trevor Hellawell MA (Cantab)

CPD Hours: 4