Manchester

From January 2013, the Compliance Officer for Finance and Administration (COFA) within a firm will have special responsibility for ensuring that clients‘ money is handled in accordance with the SRA Accounts Rules and that any breaches of the SRA Accounts Rules are documented and reported back to the SRA. This course has been developed to provide COFA’s, who have a non-financial background, with a deeper understanding of what can go wrong within a firm.

 

The introduction of the new SRA Handbook on 6 October 2011 has brought about a number of important changes in the way in which the Solicitors Regulation Authority (SRA) regulates firms of solicitors within the legal profession. From 2012, firms of all sizes must appoint a Compliance Officer for Finance and Administration (COFA) who will have special responsibilities for ensuring compliance with the SRA Accounts Rules (formerly the Solicitors Accounts Rules 1998) and for reporting directly to the SRA any breaches of the SRA Accounts Rules which take place.

BigHand has announced the details of their annual briefings that take place at venues across the UK, starting with the London event on 19th June. BigHand will be demonstrating how the latest BigHand version 4.2.2, new speech recognition components, and the latest smartphone releases and integrations can deliver further efficiency gains at law firms.

Dates and venues for this year's series of TikitTFB local user group meetings have been confirmed.

There will be an opening address with Ron Voden NUG Chairman and Simon HillWorkshops, followed by workshops and breakout user discussion forums.

This course focuses on the main provisions of the SRA Accounts Rules, contained within the new SRA Handbook, governing how solicitors handle clients' money, and is primarily aimed at those working in private practice. Although assuming no prior knowledge, delegates attending this course will quickly build a sound understanding of the SRA Accounts Rules by looking at the most common compliance issues that occur in practice and the pitfalls to be avoided including problem areas such as the treatment of residual balances on client ledger accounts.

This course focuses on the main provisions of the SRA Accounts Rules, contained within the new SRA Handbook, governing how solicitors handle clients' money, and is primarily aimed at those working in private practice. Although assuming no prior knowledge, delegates attending this course will quickly build a sound understanding of the SRA Accounts Rules by looking at the most common compliance issues that occur in practice and the pitfalls to be avoided including problem areas such as the treatment of residual balances on client ledger accounts.

This course examines the key provisions of the Terrorism Act 2000, Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007 as they affect solicitors in private practice. Detailed consideration of The Law Society's Anti-Money Laundering Practice Note ensures that delegates attending the course will be aware of what is considered to be best practice in this important area.

This course has been tailored to meet the needs of accountants involved in the audit of firms of solicitors under the SRA Accounts Rules (formerly the Solicitors' Accounts Rules 1998).

Delegates attending this course will benefit from Richard Lane's expert knowledge and experience of this important topic.

Delegates attending this course will benefit from a clear, concise and practical guide as to what is required to demonstrate to the Solicitors Regulation Authority that they have achieved compliance with the client care requirements of the SRA Code of Conduct which forms part of the new SRA Handbook.

The Law Society is running a series of free Money Laundering Reporting Officer (MLRO) regional networking groups, in association with 192business and Accuity.

The groups are for MLROs in law practices, their deputies and senior compliance staff. They are designed to facilitate discussions between local law practices about the challenges of anti-money laundering AML compliance and to enable the sharing of good practice.

The events are free and qualify for 2 hours CPD. Please note that numbers are limited to two people per firm.

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