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Online Training

Handling Client Money

Do you manage your clients’ money effectively? All RICS regulated firms are required to protect clients’ money so ensure you follow the best practice steps to comply with the RICS Rules of Conduct.

Course Duration:
1 hour
Venue:
Online
CPD:
1 hours CPD

Recorded  web class

From
£50 + VAT

Overview

RICS firms adopt different ways for managing clients’ money, in order to deliver an appropriate level of confidence to RICS, existing clients, potential clients and stakeholders.  

Discuss with an RICS Accountant, how you should operate and manage your clients’ bank accounts, identifying RICS requirements for completion of reconciliations and controls over the receipt and payment of client monies.  

For any regulated firms who hold clients’ money, implementing the best practice steps highlighted here will provide the necessary assurance that you are complying with the RICS Rules of Conduct.

 

Who should attend?

Principals, accountants, book-keepers...

Learning outcomes

  • Ensure that clients’ money can be clearly linked to the clients to whom it belongs and is protected on their behalf at all times
  • Correctly operate client bank accounts
  • Perform 3-way reconciliations to RICS requirements
  • Identify criteria for reviewing client ledgers
  • Operate effective controls over the receipt and payment of client money

Why attend this course

To understand the RICS requirements of Rule 8 – Client Money. A Firm shall preserve the security of clients’ money entrusted to its care in the course of its practice or business.

Format

This web class recording will be a combination of structured learning points, using a Powerpoint presentation.

Once you are enrolled, you have access to all course materials.

*This course will be available for 14 days from the date of purchase. 

Content

  • What systems and controls should a firm have in place?
  • Client bank accounts
  • Client accounting systems and controls
  • Controls over the receipt of client money
  • Controls over the payment of client money

Price

  • RICS professionals £50 + VAT
  • Non-RICS professionals £60 + VAT
  • Visa

  • Mastercard

From
£50 + VAT