Requirement 9

Created by: priya
Created on: 30-06-19 10:23

What is rule 9.1.1?

All partners, employees, directors (including those who are not authorised persons) of the firm must comply with the Accounts Code.

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What is rule 9.1.2?

Use each clients money only for client matters.

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What is rule 9.1.3?

Only pay money into and withdraw money from the client bank account and office bank account for the purposes related to the provisions of services regulated by the CLC.

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What is rule 9.1.4?

Establish and maintain proper accounting systems, procedures and internal controls to comply with the code. eg. Nominated member of staff would go to the bank at the same time each day to bank cash/cheque since banking was completed the previous day.

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What is rule 9.1.5?

Make sure there is no: Debit balance in the client side of the client ledger account and credit balance in the office side of the client ledger account

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What is rule 9.1.6?

Remedy any breaches of the Accounts Code immediately.

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What is rule 9.1.7?

Account to the client as soon as possible after completion

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Card 2

Front

What is rule 9.1.2?

Back

Use each clients money only for client matters.

Card 3

Front

What is rule 9.1.3?

Back

Card 4

Front

What is rule 9.1.4?

Back

Card 5

Front

What is rule 9.1.5?

Back

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Requirement 9