SIP 11 and Client Money Rules

Outline:

Gareth covers the requirements of SIP 11, including the operation of hub accounts, and look at issues such as the frequency of bank reconciliations and an IP's control of estate accounts.

Turning to the client money rules Gareth will look at the treatment of monies received pre-appointment, the transfer of monies on appointment, together with general issues such as the frequency of bank reconciliations and obtaining confirmation from the practice's bankers as regards to the status of the clients and estate accounts and what happens to estate funds still held on completion of the case. The session will conclude with a look at the treatment of estate funds still held on completion of the case.

Target Audience:

This webinar would be suitable for newly qualified IPs, those who have just set up in practice, more experienced IPs looking for a refresher and those acting as cashiers in a practice.

Speaker:

Gareth Limb, Compliance On Call - click here to view bio

Duration: 1 hour

CPD: 1