Legal Practitioner Trust Accounts - Auditors Responsibility for FICA Compliance 2025

Price:
R250.13 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Legal Practitioners Trust Accounts
Lecturer:
Tristan David-Crewe White
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


Auditors annually encounter FICA legislation in the audit engagement of a legal practitioner’s trust accounts.

Important to ask is:

  • What sections of FICA apply to a legal practitioner?
  • What parts of the audit involve consideration of FICA legislation?
  • Does the auditor need to include FICA compliance as part of the trust account compliance audit?
  • What is the auditor’s reporting responsibility around FICA related findings?
  • Introduction to FICA requirements that are applicable to legal practitioners
  • Highlighting what parts of the engagement require the auditor to specifically consider aspects of FICA law
  • Identifying what the auditor’s responsibilities are around a legal practitioner’s compliance with FICA
  • Discussing any reporting responsibilities of the auditor related to FICA