SRA Accounts Rules

by Steve Collings

As a reporting accountant working for a solicitor, you need to understand and comply with the SRA Accounts Rules. This course aims to simplify these rules and give you the confidence to accept an engagement and fulfil your obligations.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Understand the SRA Accounts Rules and how to apply them.
  • Plan an assignment and spot red flags and potential pitfalls.
  • Make sure that "client money" is being treated appropriately.
  • Issue a qualified or unqualified report.

About the course

Becoming a reporting accountant for a solicitor means that you are required to report on compliance with the SRA Accounts Rules and these rules can be daunting.

This course aims to simplify the rules and give you the confidence to take on this role. You will understand how to ensure that independence is maintained and assess when a solicitor client is required to obtain an SRA accountant's report. You will then explore how to plan the assignment, and what red flags to watch out. Also, you will look at the processes used to test compliance with the rules and finally, how to complete the assignment.

Look inside

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Contents

  • Regulation and acceptance
    • Legislative requirements
    • Following the rules
    • Accepting engagement as reporting accountant
    • Structure of the SRA Accounts Rules
    • Whose money is it anyway?
    • Client money
  • Independence requirements and planning
    • Independence
    • Maintaining independence
    • Planning the assignment
    • Pitfalls
    • Red flags
  • Testing the records
    • Test time
    • Testing the reconciliations
    • The file review
    • Operation of banking facilities
    • Other areas which may be tested
    • Key areas of compliance
  • Report completion
    • Completing the assignment
    • To qualify or not to qualify?
    • Breaches
    • Anti-money laundering considerations
    • The last hurdle

Author

Steve Collings

Steve Collings is the audit and technical director at Leavitt Walmsley Associates Ltd, Cheshire. He specialises in UK GAAP, IFRS, Solicitors Accounts Rules and auditing and is also a nationwide lecturer on these subjects.

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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
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Account manager on hand to support your team’s needs
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Why not upgrade?

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Licence

All you need for this year and more.
Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?
Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.
Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.
Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.
Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?
Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.
Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.
Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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