CPD/RME Elective
Course:
Solicitors' Accounts
in General
and Amendments
Coming into Effect
July 2016

Amirali Nasir solicitor admitted in Hong Kong, and England and Wales, founder of NASIRS® (formerly AB NASIR & CO.®).  Accredited mediator and regular speaker on Solicitors' Accounts, Professional Conduct, Hong Kong Civil Procedures, Risk Management, Technology in Law, Innovation and Islamic Finance.

Amirali chairs the ILAC, InnoTech Committee, Guide Working Party, Solicitors' Accounts Rules Working Party and formerly the External Examiner on "Accounts" for PCLL "Professional Practice and Management" and "Corporate and Commercial Transactions I" Examinations for The University of Hong Kong.

Amirali actively promotes continuous education, equal opportunity, racial harmony, corporate governance and ethical values for lawyers, accountants and corporations, and advocates a green attitude for a clean blue green planet.  His hobbies are neurogaming.

The seminar seeks to introduce the Solicitors' Accounts Rules, some common errors, mistakes and pitfalls that are encountered by firms and clarification of some uncertainty the legislation may cause.  The duties and responsibilities of the firm to the public and the Law Society are identified.  Important ethical issues will also be covered.

In addition, with the Solicitors' Accounts (Amendment) Rules 2012 passed by the Legislative Council in December 2012.  Amendments introduced by the Solicitors' Accounts (Amendment) Rules 2012 are scheduled to come into operation on 1 July 2016.  The Manual on Solicitors' Accounting of the Law Society will be updated to reflect the amendments introduced by the Solicitors' Accounts (Amendment) Rules 2012.  This seminar will highlight the changes to the Solicitors' Accounts Rules and to demonstrate how they work in practice.

• Source of law and regulations
1. Solicitors' Accounts Rules (Cap. 159F)
2. Accountant's Report Rules (Cap. 159A)
3. HKICPA Practice Note 840
4. Practice Directions I 2
• Common errors and pitfalls
• Solicitors/Accountants' duties and responsibility
• Procedures for solicitors' accounts
• Gross Fee Income Report & Accountant's Report
• Regulations on handling client's money by Solicitors with examples on client account ledger
• Changes introduced by the Solicitors' Accounts (Amendment) Rules 2012 which will come into operation on 1 July 2016