Resources and courses included in the Legal Practitioner Trust Accounts - How to Audit Guide/ Audit Manual

Introduction

Business of a Legal Practitioner

Trust Accounts of a Legal Practitioner

Trust Account Audit Process

Pre-engagement

Acceptance and Continuance Procedures

Ethics, Independence and Quality Control

Engagement Team Competence

Pre-conditions of the Engagement

Terms of Engagement (Engagement Letter)

Planning

Materiality

Obtain an Understanding

Fraud

Risk identification and Assessment

Quality Control

Agreed Upon Procedures (AUP) Engagement

Planning Sign-off

  • Internal Controls
    • Internal Controls - Requirement
    • Summary of Requirements and Practical Application
  • Laws and Regulations
    • Laws and Regulations - Requirements
    • Summary of Requirements and Practical Applications
  • Audit Plan - Nature, Timing and Extent
    • Audit Plan - Requirements
    • Summary of Requirements and Practical Application
Fieldwork

Planning and Performing Engagement

Verifying opening balances

Changes in the Audit Plan and Accumulation of Misstatements

  • Testing Rule Compliance
    • Testing Rule Compliance - Requirements
    • Summary of Requirements and Practical Application
  • Testing Journals
    • Testing Journals - Requirements
    • Summary of Requirements and Practical Applications
  • Testing Matter Files
    • Testing matter Files - Overview
    • Testing matter Files - Motor vehicle Accident and Road Accident Fund Claims
    • Testing matter Files - Conveyancing
    • Testing Matter Files - Other Matter Files
  • Testing Laws and Regulations
    • Testing Laws and Regulations _ Summary of Requirements
    • Practical Applications
Finalisation

Subsequence Events

Written Representation Letter

Other reporting Responsibilities and Communication

Legal Practitioners Annual Statement

Agreed upon Procedures (AUP) Engagement

Documentation and Sign-off Checklist

  • Assurance Report
    • Assurance Report- Requirements
    • Summary of Requirements and Practical Application

Additional Resources and LPFF Publications

LPFF Notices Publications and Guidance