Conducting attorney and legal practitioner trust account audits requires a deep understanding of both the Rules governing trust accounts and the audit methodology applied using CaseWare Cloud. This course focuses on the execution phase of the audit engagement, demonstrating how to apply the relevant Rules effectively within CaseWare’s cloud-based platform.
Participants will gain practical insights into which Rules apply, how to test them, and how to document the fieldwork phase of the audit using the appropriate templates within CaseWare Cloud. The course simplifies complex Rules and provides clear guidance on how to align audit procedures with regulatory requirements to ensure compliance.
This course equips participants with the skills needed to execute trust account audits effectively using CaseWare Cloud, ensuring compliance with relevant Rules and the delivery of high-quality audit engagements.
Why Understanding the Rules is Essential
Knowing the Rules governing trust accounts is essential to properly apply audit methodology and ensure compliance. Without a solid understanding of the Rules, auditors risk performing irrelevant procedures or missing key regulatory requirements. This course demonstrates how to link specific Rules to audit procedures, ensuring a seamless and efficient audit process that satisfies both professional standards and legal obligations.
Overview of the Rules governing attorney and legal practitioner trust accounts
Simplifying complex Rules for easier application in audits
Identifying audit procedures that address specific Rules
Mapping relevant Rules to audit working papers within CaseWare Cloud
Determining which documents in the CaseWare Cloud template pertain to the execution phase
Guidance on how to complete these documents efficiently
Approaches to testing the Rules and auditing matter files
Best practices for documenting findings and ensuring audit quality
