Residual Balances for compliant law firm accounting
Who is it for?
Those in legal finance or management, providing training on the SRA Accounts Rules and published guidance on returning client money promptly.
If you are new to your role or require a refresher on the subject.
What will it cover?
- What a residual balance is.
- The issue of returning client money promptly and why it is such a challenge for law firms and regulators.
- The SRA Accounts Rules and published guidance.
- Risks and implications of not having effective systems and controls in place to identify and manage residual balances.
- Examples of robust systems and controls you could implement in your firm to aid compliance.
- Case studies and recent reported SDT decisions.
BY BOOKING THIS TRAINING YOU ARE CONSENTING TO THE SESSION BEING RECORDED AND DISTRIBUTED TO ALL REGISTERED PARTICIPANTS.
All of our online training is live and interactive, enabling you to liaise and pose questions to our experienced experts during the broadcast. All of the experts have worked, or work in legal practice, dealing with all aspects of legal finance, enabling them to share their in-depth knowledge and experience in compliance areas such as the changes to the new SRA Accounts Rules.
They are broadcast live on the advertised date and time and can be continuously replayed for up to 30 days after broadcast. You will receive an email with the replay link as soon as possible once the webinar has concluded.
Upon completion of the online training you will be presented with a set of multiple choice questions to demonstrate your understanding. You are required to obtain an 80% pass rate in order to obtain the CPD points and certificate.
1 hour of CPD training applicable.
Why attend online?
We appreciate that attending half and full-day classroom style workshops is not always possible or convenient and that they can involve additional costs such as travelling costs or impact on time. Our live interactive training means you can obtain CPD training without having to leave the comfort of your desk.