Although compliance is the responsibility of the firm as a whole, the Compliance Officer for Finance and Administration (COFA) must ensure that systems and processes are in place to enable the firm, its managers and employees to comply with the SRA Handbook requirements and any obligations imposed under the SRA Accounts Rules. It is also the COFA’s responsibility to report material issues or breaches to the SRA, should something go wrong.
The importance of this role cannot be overstated, particularly as the SRA does not stipulate what systems must be implemented; instead the COFA must assess and determine what measures need to be put in place based upon the size of the firm, its areas of risk, and the nature of its work and client base.
During this course Tracey Calvert, experienced lecturer and former SRA and Law Society advisor, will offer practical advice and guidance regarding the role and responsibilities of the COFA. This webinar will also be of interest to managers and partners or those concerned with SRA compliance.
On completion of this course you will have a greater understanding of the following:
Do you want to continue your session?