Accounts & Finance

Accounts & Finance guidance:

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 an...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

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)....

Practice Note

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)....

Practice Note

1 This document sets out our [accounting OR finance] systems and controls. Any person working in the firm’s [Accounts OR Finance] department must ensure they have read...

Precedents

1 Introduction This document sets out our [accounting OR finance] systems and controls. Any person working in the firm’s [Accounts OR Finance] department must ensure they...

Precedents

1 Introduction 1.1 This accounts manual sets out our [accounting OR finance] systems and controls for fee earners and other non-[accounts OR finance] staff. There is a...

Precedents

1 This document sets out our [accounting OR finance] systems and controls for fee earners and support staff. 2 Basic principles 2.1 We have an overriding duty to protect...

Precedents

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...

Practice Note

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...

Practice Note

This Precedent is for an annual budget, presented in a spreadsheet. It is intended for use by law firms. The annual budget predicts what income will flow into the firm...

Precedents

A balance sheet is simply a snapshot of the financial health of the firm at any given time, ie what the business is worth. It achieves this by showing: • the value of the...

Precedents

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...

Practice Note

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...

Practice Note

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...

Practice Note

1 Introduction 1.1 This document sets out our policy for dealing with breaches of regulatory requirements that apply to our firm. Some of these requirements are imposed...

Precedents

A cashflow forecast is not the same as an income and expenditure budget, although it looks very similar. An income and expenditure budget predicts net profit (income less...

Precedents

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

A: General information Date of annual review Person(s) conducting annual review B: Review and findings Do you need to review who are appropriate persons within your firm...

Precedents

A: General information Date of monitoring review Person conducting monitoring review B: Consolidated data CriteriaOver the last 12 months Number of suspected Accounts...

Precedents

1 A: Background information Name of person completing this record[Insert name] Compliance breach reference number[To be completed by person conducting assessment] Client...

Precedents