Course description
Historically, financial issues have been identified as a key risk for all law firms, which is why the position of the Compliance Officer for Finance and Administration (COFA) is vital in ensuring that firms meet their regulatory obligations under the SRA Standards and Regulations 2019 and the SRA Authorisation Rules.
As a newly appointed COFA it can be a challenging prospect to get to grip with the wide ranging and onerous responsibilities of this role. The COFA role also carries personal liability.
Presented by expert speaker Paul Bennett, this virtual classroom seminar will provide an invaluable insight into the role and offer guidance on how new COFAs can best tackle their duties.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Historically, financial issues have been identified as a key risk for all law firms, which is why the position of the Compliance Officer for Finance and Administration (COFA) is vital in ensuring that firms meet their regulatory obligations under the SRA Standards and Regulations 2019 and the SRA Authorisation Rules.
As a newly appointed COFA it can be a challenging prospect to get to grip with the wide ranging and onerous responsibilities of this role. The COFA role also carries personal liability.
Presented by expert speaker Paul Bennett, this new virtual classroom seminar will provide an invaluable insight into the role and offer guidance on how new COFAs can best tackle their duties.
What You Will Learn
This live and interactive session will cover the following:
- What is expected of the COFA?
- Monitoring, recording and reporting breaches
- The SRA enforcement strategy - why it matters to you and your firm
- Firm-based regulation
- The SRA Codes of Conduct and the COFA
- SRA Solicitors Accounts Rules (2019) - common risk issues
- Effective systems and controls - compliance and business systems
- Anti-money laundering - showing compliance at a thematic visit
- Liability and dilemmas for the COFA
- Working successfully with the COLP and partners - some helpful ideas
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...