Law Society Update and Key Solicitors Accounts Issues 2024
Category: Law & Regulation and Compliance | Date: 10/12/2024 13:40 | Duration: 100 mins | Tag: CPDFIE24D7S3 | Type: Webinar | Speaker: Rory O'Neill, Colm Owens
In the first part of this session, Rory O'Neill will concentrate on the recent changes to the Solicitors Accounts Regulations which came into operation on 1st July 2023. The talk will give an insight into the Compensation Fund and the role of the reporting accountants. It will also highlight the types of issues that the Law Society investigating accountants encounter in the course of their inspections of solicitor’s accounts and identify risk factors when reporting on solicitors’ accounts.
Rory O'Neill will cover the following topics during this webinar:
By attending this session, you will understand why reporting accountants are integral to the regulation of solicitors and protecting the public. You will learn what has changed under the Solicitors Accounts Regulations 2023 and be able to confidently report on a solicitor’s compliance with same.
This session will benefit any practitioner with solicitors as clients and are required to report to the Law Society on same.
Course Level: Intermediate
In Part 2 of this session, Colm Owens will discuss the following:
With continued media attention on solicitors when things go wrong, the role of the Reporting Accountant continues to come under scrutiny from both the Law Society and the various Accountancy Bodies.
And now finally, The Law Society has published new Solicitors Accounts Regulations which come into operation on 1 July 2023 replacing the current regulations issued in 2014.
With that backdrop the purpose of this session is to deal with the provisions of the solicitor’s accounts regulations focussing particularly on the role of the reporting accountants & the impact the key changes to the regulations will have on the work required & the standard on file that are required.
In this part of the session, Colm Owens will cover the following topics;
By attending this session, you will obtain an understanding of the key changes to the Solicitors Accounts Regulations 2023 & the impact on your work.
Course Level: Intermediate
Colm Owens
Rory O'Neill