This webinar is part of CPD Fest 2024

Course Details

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: 

 

  • The responsibility of the Law Society to protect both clients and the legal profession
  • Examples of issues that give rise to claims on the Compensation Fund
  • Solicitors Accounts Regulation 2023
  • Focus on key changes

 

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;

  • The Legislative Requirements – Solicitors Accounts Regulations 2023
  • The Law Society Accountants Report & Reporting of Breaches of the SARs
  • Planning a Solicitors Engagement & the Requirements of the Reporting Accountant

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

8 hour Pass

  • Access to 4 CPD Sessions

  • 8 Hours of CPD

  • Pick n' Mix any choice of topics

  • Over 48 Sessions to choose from

  • Access Digital Note Packs

  • Hear from industry experts!


8 Hours CPD across 4 sessions of your choice

€250

16 hour Pass

  • Access to 8 CPD Sessions

  • 16 Hours of CPD

  • Pick n' Mix any choice of topics

  • Over 48 Sessions to choose from

  • Access Digital Note Packs

  • Hear from industry experts!


16 Hours CPD across 8 sessions of your choice

€450

24 hour Pass

  • Access to 12 CPD Sessions

  • 24 Hours of CPD

  • Pick n' Mix any choice of topics

  • Over 48 Sessions to choose from

  • Access Digital Note Packs

  • Hear from industry experts!


24 Hours CPD across 12 sessions of your choice

€625

Or

CPD Club


12 Months Subscription
  • Unlimited Access to All CPD Fest 2024

  • Unlimited Access to All Courses for 12months

  • Unlimited Access to All Webinars for 12months

  • Unlimited Access to All Conferences for 12months

  • Access to All Course Notes

  • Monthly CPD Club Members Webinar

  • Per Minute CPD™

€600

CPD Course Speaker

OmniPro

Colm Owens

As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.

Having spent the 6 years prior to joining OmniPro as a quality reviewer with Chartered Accountants Ireland Colm has a unique insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.

Law Society of Ireland

Rory O'Neill

Rory is a Fellow Chartered Accountant and is the Financial Controller of the Compensation Fund of the Law Society.  Prior to this Rory, spent 14 years as an investigating accountant, carrying out over 500 investigations and has been involved in a number of contentious matters before the High Court and Solicitors Disciplinary Tribunal.  He has been consulted in relation to regulatory matters on state projects and is extensively involved in raising the profession’s awareness of cybercrime and property fraud and the risk they pose to their practices.  Rory also worked for over 10 years in private practice gaining valuable experience in accounts preparation and audit of small to medium size enterprises, including reporting on solicitors’ practices.