SRA Accounts Rules 4 Years On - Business as Usual?

Introduction

As part of the move to less rigid regulation many relaxations were offered as part of the Accounts Rules - not least the removal of the need to refer us to the SRA, unless there was a real threat to client money.

That said, most firms have adopted a strict ‘keep calm and carry on’ approach which has necessitated little change.

As a result, many firms have recently come unstuck over (probably inadvertent) breaches of the Accounts Rules, and the relationship with our accountants has become a little testy as they feel under pressure to do the SRA monitoring job for them.

Presented by compliance expert Trevor Hellawell, this virtual classroom seminar will reflect on the impact of the Accounts Rules since their introduction in 2019 and how the SRA’s priorities and areas of concern have evolved over this period.

What You Will Learn

This live and interactive session will cover the following:

• The new relaxations (in outline)
• Particular problems and recent punishments
• Baking facilities
• Residual balances
• Relations with our accountants - what are they looking for, and shouldn’t we have reported it already?

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.