Webinars by Practice Area
COFA – your duties updated 2021
Recorded on: 23/11/2021
The SRA’s Standards and Regulations and associated Accounts Rules have been with us for two years now – since when we have had other things to think about. But the trends are becoming clearer as the SRA begins to clamp down again and enforce its rules through our reporting accountants, and through implementing allegations of ‘lack of integrity’ if our systems and procedures do not fit the bill. There are still some unanswered questions to be asked of the regulators but the offering of banking facilities by law firms still persists as an ongoing issue.
As expected, the role of the COFA is a critical and vitally important cog in the wheels of the machine and it would appear that the new rules have offered new opportunities for the profession – but we need to keep a beady eye on things.
This webinar will address the following issues:
- What do the new rules say?
- What do they NOT say?
- Implications for firms and COFAs generally
- How COFAs could get it wrong
- Liaison with the reporting accountant – an ever more critical relationship
- Policies and other matters to document