Course Details

In the first part of this course, Rory O'Neill concentrates on the recent changes to the Solicitors Accounts Regulations which came into operation on 1st July 2023. The talk gives an insight into the Compensation Fund and the role of the reporting accountants.  It also highlights 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 covers the following topics during this course:

  • 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

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CPD Course Speaker

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.

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.