Requirement 9

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

1. 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.
  • Only go bank once a week.
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2. What is rule 9.1.1?

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

3. What is rule 9.1.7?

  • Account to the client as soon as possible after completion
  • Send money to client whenever.

4. What is rule 9.1.2?

  • Use each clients money only for client matters.
  • Use each clients money for office matters.
  • Not use clients money for client matters.

5. 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
  • Make sure there is a debit balance on the client side of the client ledger and credit balance on the office side of the client ledger account.
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