Practice Compliance
Discover how to comply with practice management regulations set by your professional body and come through practice monitoring or assurance visit. Exploring regulatory frameworks, non-compliance sanctions, client onboarding and offboarding procedures, and CPD management.
Practice Compliance
This course will enable you to
- Ensure your practice is complaint with all the relevant regulations.
- Achieve top ratings in assurance and monitoring visits from your professional body.
- Demonstrate the highest standards of professional conduct.
- Take a risk-based approach to challenges such as money laundering.
- Consider the ethical requirements of onboarding new clients and saying goodbye to old ones.
- Use CPD to keep up-to-date and relevant in a fast-paced world.
About the course
Professional accountants are regulated by their professional body, both at individual level and at the firm level. So, it's important for accountants to understand the regulations that they are being asked to comply with and keep up to date with the changes.
This course outlines these rules, as well as providing information detailing what may happen if an accountant falls foul of them. You'll consider the issue of practice compliance in three different segments – the role of the professional body, the procedures for onboarding and offboarding clients, and the monitoring and management of CPD. Discover why understanding all of these elements is crucial to maintain a healthy, productive practice.
Look inside
Contents
How it works
Author
Steve Collings
Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA's Practice Network Panel.
