2024-25 Update: SRA Accounts Rules

This module will enable you to

• Appreciate the risks and obligations involved in onboarding a solicitor
• Emphasise the importance of fair payment of interest accrued by solicitors holding client or third-party funds
• Draw attention to the dangers of cyber attacks and outline methods for safeguarding data
• Highlight issues that can arise as a result of poor accounting by law firms charged with holding client funds

About the module

There are challenges involved in taking on a solicitor as a client, not least being getting to grips with the legislative requirements of the Solicitors Regulation Authority. While the SRA Accounts Rules may seem daunting, mastering a new set of industry-specific regulations will add another string to your bow and equip you with the necessary knowledge to report on solicitors' compliance.

This course focuses on the 2019 updates to those rules (which is when they were most recently updated) and some of the client risks reporting accountants should be aware of.