Virtual Training Course

Accounting for Attorneys Trust Accounts

>> Click here to book this training as an In-House course <<

This Course is not part of the MUS Subscriber discount structure.

Price: R1403.00 (VAT Incl.) Per Person
Presenter: Mr Tristan White
Date: 1 Apr '19
Times: 08H30 - 16H00
Duration: 1 Day
CPD Hours: Attendance at this seminar will secure 6.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Platform: Web Based (Online)
Course Facilitator: Nerissa Singh
T:  011-886-1395
E:  nerissa@probetatraining.co.za
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This course is aimed at two audiences: Legal practice accounting clerks who require a better understanding of legal accounting rules / entries around Trust Accounts Junior auditors who are new to the audit of attorney trust accounts, and who therefore seek to establish a strong basis of understanding around the Trust Accounting debits and credits They key to a successful Attorneys’ Trust Accounts audit engagement is not only understanding the application of the latest auditing pronouncements but having a practical knowledge of the underlying accounting debits and credits that make up Trust Accounting. The accounting of Attorneys’ Trust Account transactions is not formally taught at University nor are there institutions readily offering training. For that reason, ProBeta Training offers this course and have updated it for the latest changes in legislation, to help you give your legal book-booking staff and trainees the edge they require. Attorneys’ Trust Account engagements are high risk and thereby require precision and sound knowledge of the accounting treatment to avoid Rule infringement and, as a consequence, loss of the Attorneys’ Fidelity Fund operating certificate.

The objective of this course is to: 1.Simplify all applicable legislation including the Attorneys’ Act, Law Society Rules, the NEW Legal Practices Act, Revised IRBA Guide for Engagements on Attorneys’ Trust Accounts. 2.Clarify and practice typical accounting entries for a given case study 3.Increase the ability to recognise Rule infringements

During this session we get your trainees up to speed with: • The relevant Attorney’s Act sections (NOTE: may be repealed by 2019) • Law Society Rules (NOTE: may be repealed by 2019) • Revised IRBA Guide for Audit Engagements on Attorney Trust Accounts, which highlights the accounting rules important in an audit context • Legal Practices Act sections (if fully in effect by 2019) • Practical case studies where we o do the accounting entries o highlight legislative / rule infringements o Identify the accounting treatments referred to in the Revised IRBA Guide for Attorney Trust Account Audit Engagements • This is a complete, up-to-date Attorneys’ Trust Accounts – how to do the accounting course - aimed at the junior auditor and accounting professional.

The following individuals will benefit from attending this course; • Primarily, all audit trainees with no or very little previous knowledge • Secondarily, all accountants working for Attorney practices, who need help with day to day recording of trust accounting transactions.

Delegates must have their own computers with Excel loaded. All other material and stationery will be provided.