Overview
Accounting for attorneys' trust accounts is a critical aspect of legal practice management. It ensures compliance with regulatory requirements, safeguards client funds, and maintains the integrity of legal practitioners. Proper trust accounting minimizes the risk of misappropriation, errors, and ethical breaches. Legal professionals must adhere to prescribed accounting rules to avoid severe penalties, including disbarment.
Learning objectives
Attending this webinar will equip you with the following skills:
- Understanding the principles of trust accounting for attorneys.
- Complying with legal and ethical obligations in managing client funds.
- Maintaining accurate trust account records and financial statements.
- Preventing common pitfalls and errors in trust accounting.
- Implementing best practices for reconciling trust accounts.
Content
The webinar will cover the following topics:
- Introduction to Trust Accounting for Attorneys
- Regulatory Framework Governing Trust Accounts
- Differentiating Between Trust Accounts and Business Accounts
- Key Principles of Trust Fund Management
- Trust Account Record-Keeping Requirements
- Trust Account Reconciliation Procedures
- Handling Client Funds and Third-Party Payments
- Common Trust Accounting Errors and How to Avoid Them
- Ethical Considerations in Trust Accounting
- Practical Case Studies and Compliance Strategies
Obtaining your CPD certificate
This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA.
All attendees are issued with a CPD certificate available in an online profile.
Who should attend?
The following persons will benefit from attending this webinar:
-
Registered auditors.
-
Independent reviewers.
-
Trainee accountants/ auditors.
Price
-
R 450.00 - Online admission - Individual.
-
Group Price 1 - From R184 per person (up to 5 users)
-
Group Price 2 - From R121 per person (up to 10 users)
-
Group Price 3 - From R109 per person (over 11 users)
Steps to register for the event:
If you already have a profile, login and register for the webinar.
If you don’t have a profile, create a free profile then login and register for the webinar.
Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).
Click here to find out about the Technical Resource Centre & CPD Subscription options.
Additional material
By attending this webinar you will be provided with:
-
A summarised slide presentation.
-
Reference documents and/or course material where available.
-
You can ask questions during the webinar and you will also have access to the presenter after the webinar.
Corporate training solutions
At SA Accounting Academy, we recognise the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.
Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritise hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.
Interested in a bespoke corporate training experience? Reach out to us at corporate@accountingacademy.co.za or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organisational goals.
Contact us
Have any questions or need any assistance? Contact us today!
-
Online chat through our website.
-
WhatsApp: Start chatting (+27635026114)
-
Phone: 010 593 0466
-
E-mail: ticket@accountingacademy.co.za