COFAs Toolkit: Compliance Officer for Financial Administration 2nd ed

Every law firm is required to have a Compliance Officer for Finance and Administration (COFA). They have two key responsibilities:

• to ensure compliance with the SRA Accounts Rules throughout the firm, and
• to ensure a prompt report is made to the SRA of any serious breach of the Accounts Rules

This toolkit will help COFAs and anyone working in the accounts department of a law firm to implement and oversee systems to ensure compliance with the SRA Accounts Rules.

The book and accompanying CD-ROM include:

• procedural checklists
• recording and monitoring forms
• draft letters to the SRA, and
• guidance on matter file reviews and common breaches of the Accounts Rules

This second edition has been updated and expanded to reflect the implementation of SRA Standards and Regulations in November 2019 and includes additional guidance on the new Accounts Rules and a copy of the Rules.