Practice Compliance
Discover how to comply with practice management regulations set by your professional body and come through practice monitoring or assurance visit. Exploring regulatory frameworks, non-compliance sanctions, client onboarding and offboarding procedures, and CPD management.
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This course will enable you to
- Ensure your practice is complaint with all the relevant regulations.
- Achieve top ratings in assurance and monitoring visits from your professional body.
- Demonstrate the highest standards of professional conduct.
- Take a risk-based approach to challenges such as money laundering.
- Consider the ethical requirements of onboarding new clients and saying goodbye to old ones.
- Use CPD to keep up-to-date and relevant in a fast-paced world.
About the course
Professional accountants are regulated by their professional body, both at individual level and at the firm level. So, it's important for accountants to understand the regulations that they are being asked to comply with and keep up to date with the changes.
This course outlines these rules, as well as providing information detailing what may happen if an accountant falls foul of them. You'll consider the issue of practice compliance in three different segments – the role of the professional body, the procedures for onboarding and offboarding clients, and the monitoring and management of CPD. Discover why understanding all of these elements is crucial to maintain a healthy, productive practice.
Look inside
Contents
- Practice assurance
- The role of professional bodies
- Who's regulating you?
- Regulatory regime and sanctions
- Under scrutiny
- The review
- Preparing for a monitoring visit
- Approach to the monitoring visit
- Common deficiencies
- Onboarding and offboarding clients
- The engagement process
- Due diligence
- Anti-money laundering requirements
- Firm-wide risk assessments
- Dealing with disagreements
- Walking away
- Resigning from a client
- Monitoring and managing CPD compliance
- The importance of CPD
- Keeping on top of it
- CPD activities
- It's all in the application
- Monitoring CPD activity
- Following the rules
How it works
Author
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Why not upgrade?Find the best way to complete your CPD | CourseNeed just a few unitshourshours? | Pick n MixAll you need for this year's CPD. | LicenceAll you need for this year and more. | TeamKeep your whole team up to date. |
|---|---|---|---|---|
| Access to this course | ||||
| Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 1,500+ unitshourshours | 1,500+ unitshourshours |
| Access period | 120 days | 120 days | 12 months | 12+ months |
| Audit-proof CPD completion certificate | ||||
| Immediate access to our entire CPD catalogue | ||||
| Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more! | ||||
| Account manager on hand to support your team’s needs | ||||
| Learn more | Learn more | Learn more | ||
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Use ACPD101 for 10% off any purchase.