Course description
Residual balances are a common source of breaches noted by Reporting Accountants every year and as such, it is unsurprising that they remain a hot topic for the SRA.
During this webinar, expert speaker Luke Dickinson will provide an insight into what SRA and Law Society guidance on residual balances means to you in practice and will offer guidance on how all firms should be applying best practice procedures.
Luke will also share experiences that will help firms stay on top of the historic problem posed by residual balances.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Residual balances are a common source of breaches noted by Reporting Accountants every year and as such, it is unsurprising that they remain a hot topic for the SRA.
During this webinar, expert speaker Luke Dickinson will provide an insight into what SRA and Law Society guidance on residual balances means to you in practice and will offer guidance on how all firms should be applying best practice procedures.
Luke will also share experiences that will help firms stay on top of the historic problem posed by residual balances.
What You Will Learn
This webinar will cover the following:
- Applying to donate small balances to charity - what the SRA means by ‘prescribed circumstances’
- How to deal with larger balances and making an application to the SRA
- What the SRA are likely to view as ‘reasonable steps’ to trace the owner of client money
- How to stay on the right side of the reporting accountant and avoid a qualified accountant’s report
- Creating projects and influencing behaviours within the firm to ensure residual balances do not become a problem.
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...