SRA Accounts Rules & Covid-19 Update 2020


Location: Online- Zoom
Date: 7th Oct 2020
Start Time: 1:45 pm
Finish Time: 3:15 pm
Tutor: Trevor Hellawell, MBL (Seminars) Ltd

Member Price: £35.00 Ex.VAT £42 inc. VAT

Non Member Price: £45.00 Ex.VAT £54 inc. VAT

SRA Accounts Rules & Covid-19 Update 2020

Course Qualifies:  2 hours CPD training

Introduction

This live session will cover the essentials of the new SRA Accounts Rules, in force from 25 November 2019, though now is as good a time as any to reflect upon the changes that all law firms should now have in place. 

Much reduced in length, the new rules will require each firm to make up its own mind about how to satisfy the fundamental principles of our guardianship of client money.

With new definitions, new (arguably tighter) time-frames and new flexibilities the new rules will be much easier to comply with - or will they?

This session will enable you to participate in a round-table discussion of the key issues from your own office, and you will be able to speak and contribute as if we were all in the same room together.

What You Will Learn:

This live broadcast will cover the following:

  • The SRA's overall approach
  • New definition of client money
  • Is there flexibility in when we can be ‘paid’ for our work?
  • New time-frames
  • Residual balances on client ledger
  • Use of client account as a banking facility - new rules
  • Loss of interest - a new, more relaxed approach?
  • Third Party Managed Accounts ('TPMAs') - a worthwhile option?
  • New rules on accountants' reports and qualified reports
  • The effect of Covid on SARs compliance
  • The role of the COFA in future
  • Checklists to consider

Speaker: Trevor Hellawell - Solicitor and legal training and management consultant.

Until going freelance in 1999 he was a full time lecturer with the University of Law, ending his career as a Principal Lecturer at the York Branch. Until recently he was Head of Law Programmes at BPP. Throughout his career, he has lectured extensively on Professional Conduct, Management skills such as Client Care, Time Management and Appraisals, Financial Services matters, including Money Laundering, as well as mainstream academic law subjects.

Member Price: £35.00 Ex.VAT £42 inc. VAT

Non Member Price: £45.00 Ex.VAT £54 inc. VAT