(Original course date: November 14, 2018)
Who should attend: Anyone who sets up, administers or oversees trust accounts. Lawyers already familiar with the rules of trust accounting will benefit from attending the final two sessions on Common Audit Pitfalls and Communicating with the Law Society.
Learning level: Fundamental
Opening a Trust Account is the first of five sessions in the Trust Accounting Series.
In this session, you will learn about:
- The Law Society’s New Firm Visits
- What are trust funds?
- Maintaining a trust float
- Bank vs. credit union
- Letter to financial institution
- Pooled and separate trust accounts
- Fiduciary property
There is a limited studio audience for this session.
Trust Accounting Series
Fundamental trust accounting skills in brief, focused sessions
Do you trust your trust accounting knowledge? This five-part series is designed to help lawyers, legal assistants, bookkeepers, and accountants like you who set up or manage trust accounts to ensure that they comply with the Law Society Rules.
If you are new to trust accounting or need a refresher, join us for the entire series to receive an overview of all the key trust accounting elements you need to know. If are just looking to keep up to date, join us for the final two sessions on November 21 to learn how to avoid common trust account administration mistakes, along with which situations require you to communicate with the Law Society (and which do not).
Wednesday, November 14, 2018 or
(Monday, December 10, or Monday, December 18, 2018, under the Last Kick at the Can Series)
1. Opening a Trust Account (9:30 am – 10:30 am)
2. Fundamentals of Operating a Trust Account and other Law Society Rules (11:00 am – 1:00 pm)
3. Dissecting a Trust Account Reconciliation (2:00 pm – 3:00 pm)
Wednesday, November 21, 2018
(Monday, December 10, or Monday, December 18, 2018, under the Last Kick at the Can Series)
4. Common Compliance Audit Pitfalls and Misconceptions (12:00 pm – 1:30 pm)
5. Communicating with the Law Society (2:30 pm – 3:30 pm)
Join us and to master foundational trust accounting principles and practices today!
Law Society of BC CPD Hours: 1 hour (a minimum of 1 hour will involve aspects of professional responsibility and ethics, client care, and relations, and/or practice management)
Course Chairs
Angela Porco — Trust Accountant and Auditor, Law Society of British Columbia
Justin Wright — Senior Auditor, Law Society of British Columbia
Webinar Archive: This course will be added to the Webinar Archive. See below to subscribe.
Unable to attend without financial support? Learn about our Bursary Program and Easy Pay Plan.
Can't make the course/webinar?
1. Order the Online Course Materials* — an archive of all CLEBC papers published since 2001.
2. Subscribe to the Webinar Archive* — a repository of recordings of most CLEBC past courses.
*Annual subscription rates for both above options are based on firm size
CLEBC Program Lawyer*
Meredith Woods
mwoods@cle.bc.ca
*non-practising