SRA Accounts Rules – Rule 12 The Accountant’s Report – what makes you get a qualified report?

Date & Time

21st May 2024 | Live Webinar | 12 noon - 1pm


£30+ VAT members, £40+VAT non members


SRA Accounts Rules - Rule 12 The Accountant's Report - what makes you get a qualified report?

All law firms who have a client account and are above the threshold will have to undertake an accountant’s audit. When your financial year is over the accountants will complete the audit and from their findings decide if the firm should be given a qualified report.  This is the worst kind of report that you can be given and this qualified report is sent to the SRA. It is given where the accountants feel that client money may be at risk, or we are not looking after client monies correctly. Once reported to the SRA, this can lead to an SRA visit to the firm which can have serious consequences.

This one-hour webinar will cover the following:

  • Do I need to have an accountant’s report – SRA guidance
  • What will the accountants look at on their visit?
  • What documentation will they expect to see?
  • Key accounts rules which are breached the most and can give you a qualified report
  • The consequences of the qualified report
  • What everyone can do to help

 The Presenter

Joanna Morris has over thirty years’ experience of working in solicitors’ practices from being a legal cashier, practice manager and training manager. Joanna is a freelance trainer and consultant, having previously been the Risk and Regulatory Compliance Training Manager at a top 40 law firm.

Jo currently delivers training in many compliance subjects, both to the public and in-house clients, on AML, GDPR, SRA Accounts Rules and courses designed specifically for the MLRO, DPO, COLP and COFA.

She is a qualified NVQ assessor and holds a Certificate In Education for Teaching in the Lifelong Learning Sector.

She was highly commended in June 2011 by the Legal Education and Training Group (LETG) in the category Best Programme for Lawyers for Solicitors Accounts Rules training. She was shortlisted in the Compliance Trainer of the Year category in the C5 Women in Compliance Awards in 2014.

‘SRA Accountant’s Report’ is part of a series of lunchtime one-hour webinars the Sussex Law Society is holding every two weeks between March and July on some of the most important areas of compliance for law firms. These ‘stand-alone’ sessions will keep you up to date with any new updates being released by the SRA and others.

 To register to attend please complete and return the application form.