This Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding the obligation to obtain and deliver...
This Practice Note reflects requirements relating to law firm accountant’s reports in force from 1 November 2015. It relates to practice in England and Wales only, as...
This Practice Note reflects requirements relating to law firm accountant’s reports in force from 1 November 2015. It relates to practice in England and Wales...
The compliance officer for finance and administration (COFA) is responsible for recording and reporting failures to comply with the SRA Accounts Rules 2011 (SRA AR 2011)....
The overarching objective of the Accounts Rules is to keep client money safe. Except when the rules provide otherwise, you must: • keep other people's money separate from...
This Practice Note sets basic accounts procedures firms are expected to implement and is drawn from: • the SRA Accounts Rules 2011 (SRA AR 2011) • SRA Guidelines on...
This Practice Note is based on reporting requirements in the SRA Codes of Conduct 2019 (in force from 25 November 2019) as amended by the SRA Regulatory Arrangements...
The SRA AR 2011 require specific authority for a withdrawal from client account by an appropriate person. This practice note aims to help you consider who should have...
This Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding client accounting procedures and records. It also...
This Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding client account withdrawals. It also reflects...
This Practice Note contrasts the requirements in the SRA’s 2011 and 2019 regimes in relation to compliance officers (COLPs and COFAs) and breach reporting. For more...
This Practice Note looks at the issues you should consider when setting an interest policy under the SRA Accounts Rules 2011 (SRA AR 2011). Regulatory requirements You...
This Practice Note provides guidance on managing financial risk. It reflects the SRA Standards and Regulations 2019 and additional financial management requirements that...
This practice note covers the regulatory requirements that must be observed to minimise any events that could affect your firm’s financial stability. This is sometimes...
This Practice Note provides information about preparing and implementing common tools to minimise financial risk and improve financial stability. Why have financial risk...
Most firms at any given time have some old, usually small, residual balances on client matters. In the normal course of events, dealing with residual balances should just...