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Attorney trust accounts

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

Attorney Trust Accounts audits are focused on very specific sections of the Legal Practices Act and Rules, but what else do managers and partners need to consider as part of trust audits? Join us as we understand the auditor�s responsibility in relation to: - Fraud - Internal controls - Compliance with other legislation, e.g. FICA - Practitioners Annual Statements - New audit report templates [per 2019 Revised IRBA Guide] - New engagement letters / Man. rep letters - ISAE 3000 assurance standard�s impact on trust audits - Incorporating IRBA�s NEW 2019 Revised Guide - Business records / business financial statements audit - Materiality / sampling - Matter file testing


Course Content:

Obtaining a better understanding of the impact of the following on the trust audit: - Fraud - Internal controls - Compliance with other legislation, e.g. FICA - Practitioners Annual Statement - New audit report templates [per 2019 Revised IRBA Guide] - New engagement letters / Man. rep letters - ISAE 3000 assurance standard - IRBA�s NEW 2019 Revised Guide - Business records / business financial statements audit - Materiality / sampling - Matter file testing


Course Objective:


Who Should Attend?

Auditors, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

CaseWare are no longer updating their ATA Audit templates, meaning auditors will need to embrace a new internet-based audit solution, going forward. This solution is known as �ISAE Attestation,� accessible via CaseWare Cloud. Are you ready to conduct and document your attorney trust audits via the cloud?


Course Content:

Understanding how to register / access the cloud Getting comfortable with the interface Creating a new client using the ISAE Attestation template Navigating through the template, to identify each phase i.e. planning, execution and finalisation NO AUDIT SIMULATION will be conducted


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners and Engagement Quality Control Reviewers

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

The old Attorneys Annual Statement has been replaced with the new Practitioners Annual Statement which discloses the financial information related to an attorney`s trust accounts. Do you know how to successfully complete it or audit it?


Course Content:

- Run through the template - Highlight various sources of information used to complete - Identify what needs to be disclosed, where - Discuss the auditors responsibility for the document during an audit - Clarify the unclaimed / unknown amounts section and the Legal Practitioners Council`s interpretation


Course Objective:


Who Should Attend?

Auditors, Bookkeepers, Financial accountants, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

November 2019 saw the release of the NEW Draft Revised IRBA Guide for Audit Engagements on Attorney Trust Accounts. This release was to address the new requirements arising out of the updated Attorneys legislation, being the Legal Practices Act and Rules. With the new legislation fully effective for 2020 audits, have you incorporated IRBA�s new procedures into your audit programs?


Course Content:

Provide overall summary of NEW IRBA Guide Highlight key changes Identify all relevant audit procedures


Course Objective:


Who Should Attend?

Auditors, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 1,380.00 (Incl. VAT)

CPD Hours: 6.5 hrs

Presenter: Tristan White


Overview:

Recording transactions in an attorney�s trust records is often misunderstood by qualified CAs and RAs, let alone attorneys and trainee accountants / auditors. This practical session aims to help you understand how to account for the debits and credits relating to various trust transactions, in accordance with the Legal Practices Act and Rules.


Course Content:

- Grow familiar with the Legal Practices Act and Rules that have a direct / indirect impact on trust accounting transactions - Understanding the accrual VS cash basis of accounting - Practicing the accounting debits and credits through using a case study - Completing a Practitioners Annual Statement for trust transactions / balances


Course Objective:

None


Who Should Attend?

Bookkeepers Financial accountants First year SAICA Trainees Second year SAICA trainees Third year SAICA trainees Fourth year SAICA trainees Fifth year SAICA trainees Audit mangers

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

Attorney Trust Accounts audits are focused on very specific sections of the Legal Practices Act and Rules, but what else do managers and partners need to consider as part of trust audits? Join us as we understand the auditor�s responsibility in relation to: - Fraud - Internal controls - Compliance with other legislation, e.g. FICA - Practitioners Annual Statements - New audit report templates [per 2019 Revised IRBA Guide] - New engagement letters / Man. rep letters - ISAE 3000 assurance standard�s impact on trust audits - Incorporating IRBA�s NEW 2019 Revised Guide - Business records / business financial statements audit - Materiality / sampling - Matter file testing


Course Content:

Obtaining a better understanding of the impact of the following on the trust audit: - Fraud - Internal controls - Compliance with other legislation, e.g. FICA - Practitioners Annual Statement - New audit report templates [per 2019 Revised IRBA Guide] - New engagement letters / Man. rep letters - ISAE 3000 assurance standard - IRBA�s NEW 2019 Revised Guide - Business records / business financial statements audit - Materiality / sampling - Matter file testing


Course Objective:


Who Should Attend?

Auditors, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 747.50 (Incl. VAT)

CPD Hours: 2.5 hrs

Presenter: Tristan White


Overview:

Did you know that the 2020 Revised IRBA Guide forces auditors to decline attorney trust account audit engagements if audit team members are not competent in their understanding of the New Legal Practice Act and Rules? In this session we simplify all sections of the Legal Practice Act and its Rules that affect the trust account, and help you establish well-thought-out audit approaches for each Rule.


Course Content:

During this session, we will Dumb-down the complex Legal Practice Act and Rules affecting the trust account Discuss where to potentially start when identifying populations / supporting documentation for testing Highlight key areas of risk for specific Rules


Course Objective:

Give you a simplified overview of the new Legal Practice Act / Rules requirements Discuss approaches to testing Rules


Who Should Attend?

Audit partners Audit managers and Audit trainees who will audit trust accounts

Individuals: R 2,760.00 (Incl. VAT)

CPD Hours: 13 hrs

Presenter: Tristan White


Overview:

Do you require a practice run of the audit process of attorney trust accounts but remain unsure how to complete an audit using Draftworx's or No methodology? Do you have audit staff that need exposure to the audit of an attorneys trust accounts? Do you want to ensure that you've covered all the attorney legislation requirements as part of your audit scope, before issuing the audit report on such a high risk engagement? Are you aware of IRBA's NEW 2019 Revised Guide and it's effect on attorney audits? Then we have a training solution for you. Attorneys� Trust Account engagements are high risk and thereby require precision and sound knowledge of the legislation to avoid Rule infringement going unnoticed. They key to a successful Attorneys Trust Accounts engagement is understanding what makes it unique, being familiar with the new Legal Practitioners Council Rules that govern the attorney profession upon which the audit opinion is based and acquainting ones self with the new legislation being the Legal Practice Act, that took effect on 1 November 2018 and understanding it�s effect on the audit process.


Course Content:

This is a complete, up-to-date Attorneys Trust Account audit course aimed at helping you navigate real world audits. During this session we get you / your trainees up to speed with: The relevant Legal Practice Act sections Legal Practitioners Council Rules The Revised IRBA Guide on Attorneys Trust Account Engagements, As well as a practical case study where we: o Consider how to determine a population for testing o Discuss what the various sources of supporting documents are, that could be relevant when testing o Address the planning and finalisation features of an audit


Course Objective:

The objective of this course is to: 1. Simplify all applicable legislation including the Legal Practice Act, Legal Practitioners Council Rules, assurance standard ISAE 3000 and Revised IRBA Guide for Engagements on Attorneys� Trust Accounts. 2. Clarify how trust accounting differs from business-side accounting 3. Increase the auditor's ability to recognise Rule infringements 4. Address the entire audit process from planning, to execution, all the way through to finalisation of the audit, using Draftworx


Who Should Attend?

Primarily, all auditors of attorney trust accounts who use Draftworx as their recognized auditing software / methodology Secondarily, audit trainees with no or limited prior knowledge on attorney trust account audits

Individuals: R 2,760.00 (Incl. VAT)

CPD Hours: 13 hrs

Presenter: Tristan White


Overview:

Do you require a practice run of the audit process of attorney trust accounts but don't have experience with the CaseWare Working Papers ATA template? Do you have audit staff that need exposure to the audit of an attorney�s trust accounts? Do you want to ensure that you�ve covered all the attorney legislation requirements as part of your audit scope, before issuing the audit report on such a high risk engagement? Are you aware of IRBA's NEW 2019 Revised Guide and it's effect on attorney audits? Then we have a training solution for you. Attorneys� Trust Account engagements are high risk and thereby require precision and sound knowledge of the legislation to avoid Rule infringement going unnoticed. They key to a successful Attorneys� Trust Accounts engagement is understanding what makes it unique, being familiar with the new Legal Practitioners Council Rules that govern the attorney profession upon which the audit opinion is based and acquainting one�s self with the new legislation being the Legal Practice Act, that took effect on 1 November 2018 and understanding it�s effect on the audit process.


Course Content:

This is a complete, up-to-date Attorneys� Trust Account audit course aimed at helping you navigate real world audits. During this session we get you / your trainees up to speed with: The relevant Legal Practice Act sections Legal Practitioners Council Rules The Revised IRBA Guide on Attorneys� Trust Account Engagements, As well as a practical case study where we: o Consider how to determine a population for testing o Discuss what the various sources of supporting documents are, that could be relevant when testing o Address the planning and finalisation features of an audit


Course Objective:

The objective of this course is to: 1. Simplify all applicable legislation including the Legal Practice Act, Legal Practitioners Council Rules, assurance standard ISAE 3000 and Revised IRBA Guide for Engagements on Attorneys� Trust Accounts. 2. Clarify how trust accounting differs from business-side accounting 3. Increase the auditor's ability to recognise Rule infringements 4. Address the entire audit process from planning, to execution, all the way through to finalisation of the audit, using CaseWare Working Papers ATA template


Who Should Attend?

Primarily, all auditors of attorney trust accounts who don't use any recognised auditing software or methodology Secondarily, audit trainees with no or limited prior knowledge on attorney trust account audits

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

Attorneys Trust Account engagements are high risk and thereby require precision and a sound knowledge of the latest IRBA Guide pronouncements. The Revised IRBA Guide for Attorneys� Trust Account Engagements was issued in 2017 and effective for financial periods commencing on or after 1 March 2016. Have the seniors and the managers at your firm been refreshed on the latest changes? The Revised IRBA Guide has been updated for amendments to the International Standard on Assurance Engagements (ISAE) 3000 and the Rules for the Attorneys� Profession as published in the Government Gazette. ProBeta Training has recognised the assurance industry�s need for an updated training session. Our goal is to put you at the forefront of the latest changes which will allow you to provide effective and efficient oversight over your engagement team. Further to this, from a senior review perspective, we aim to enhance your ability to recognise Rule infringements so as to guard against engagement risk. Be informed, ready to take the lead among your engagement teams with ProBeta Training.


Course Content:

During this session we get seniors and managers up to speed with: The relevant Attorneys� Act sections Law Society Rules The Revised IRBA Guide for Registered Auditors on Attorneys�Trust Accounts Engagements


Course Objective:

The objective of this course is to: 1. Simplify all applicable legislation including the Attorneys� Act, Law Society Rules, ISAE 3000 and Revised IRBA Guide for Engagements on Attorneys� Trust Accounts. 2. Increase the ability to recognise Rule infringements 3. Review of the Revised assurance procedures.


Who Should Attend?

The following individuals will benefit from attending this course: Seniors Managers

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

The new Legal Practices Act and new Legal Practices Act: Rules are set to replace the old Attorneys Act and Law Society Rules, and this will mean that the procedures around trust monies and the accounting thereof will have been updated. The new Act and Rules as a whole were said to come into full effect on 1 November 2018 (per section 120 (4)), meaning that the new rules will need to be observed. This session focuses on the parts of the new Legal Practices Act and Rules that have a direct effect on trust monies and the accounting rules.


Course Content:

During this session, we will Briefly highlight the various Parts of the new legislation by providing an overview Specifically look at the legislation around Handling of Trust Monies(Chapter 7 of the new Act, section 84 - 91), as well as, Considering the new Accounting Rules (Part XII of the Rules, rule 54 57)


Course Objective:

The objective of this course is to: 1. Give you a quick overview of the new Legal Practices Act / Rules (very brief) 2. Provide a simplified understanding as to the Handling of Trust Monies and the Accounting Rules legislation (majority of the session)


Who Should Attend?

The following individuals will benefit from attending this course: Legal practices accounting clerks / finance department Audit managers / clerks who will audit trust accounts Legal practitioners who would like to develop a foundation understanding as to the new trust account implications

Make Booking Instructions

Please click here for a video instruction on how to register Click Here.

Online Courses

The ProBeta Online Learner Management System specialises in delivering high-quality cost-effective online video training that includes a wide range of Accounting, Auditing and Tax topics.

The ProBeta Online Learner Management System is particularly suited for those candidates who cannot spare regular time in a classroom workshop. You can listen to our recorded webinars and learning sessions whenever you want, wherever you want. There is no time limit, you can move at your own pace.

If you're not sure what you want to register for, it might be a good idea to browse our course categories or subjects to determine where your interests lie. All that you have to do once you've found a session that you are interested in, is to register for the specific on-line session by clicking on Make Booking and select the "Online Booking" and follow the steps provided on the screen.

At the end of each lesson, we provide multiple choice and interactive tests in order for you to assess the knowledge you have obtained as you progress.

Your success is our priority!

For any enquiries please contact us at info@probetatraining.co.za or 011 886 1395.