Attorney Trust Accounts - Auditing without Methodology or with Draftworx - Day 1 of 2 (2022)

Price:
R1518.00 (VAT Incl.)
Level:
Auditors
Sub-level:
Attorneys Trust Account Audits
Lecturer:
Probeta Training
Duration:
780 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


Do you require a practice run of the audit process of attorney trust accounts but don't have a software license for a recognised methodology or you use Draftworx' legal practitioner 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 2020 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.

What is covered:
+ How legal practitioners and their trust accounts work
+ Audit process from pre-engagement through finalisation, including template working papers and using Draftworx Legal Practitioner template
+ Legal Practice Act and Rules / how to audit them
+ The 2020 IRBA Guide
+ Considerations from the ISAE 3000 assurance standard
+ The Legal Practitioners Annual Statement and how to understand / audit