Residual Client Balances

Recognising and dealing with residual client balances

  • 1 ratings, 49 users enrolled

Course Overview

Residual balances are considered by the SRA as a fundamental issue which may result in a material breach reportable in an Accountants Report.


Residual balances indicate a lack of control within the firm and worse, the possibility of “teaming and lading”. Delivered by accountant and lecturer Robert Blech, this webinar looks at how to deal with residual balances and what to do if you can’t locate the client and payments to charity.


In addition, this webinar will discuss what to do to ensure that firms don’t get into the same problems again once they have paid out all their residual balances, and the impact that the introduction of the new Accounts Rules later this year will have on this area and residual client balances in particular.

What are the requirements?

  • Watch the recorded webinar, review the supporting documentation and complete the short quiz to test your legal knowledge

Learning Outcomes

  • On completion of this course you will:
  • • Be familiar with the issues with regard to not returning client residual balances
  • • Understand why the SRA identify residual client balances as a major issue
  • • Know what to do if the client cannot be located and how to deal with old balances
  • • Have considered the changes which the new rules will introduce in respect of residual balances

What is the target audience?

  • COFA’s and other compliance / finance staff

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About Instructor - Robert Blech

Robert Blech is a qualified accountant who has a law degree and legal background. Robert acts for a number of solicitors and law firms preparing both their financial statements and Accountants Report as required by the SRA. Robert specialises in disciplinary and regulatory matters of law firms and has represented practices in a high profile SRA investigations.

Course Curriculum

Recorded Webinars

  • Webinar
    00:57:23

Supporting Documentation

  • Slides
    22 Page

Quiz

  • Quiz
     

reviews

  • Price
  • £ 90

Instructor