CPD/RME Elective
Course:
Solicitors' Accounts Rules
through the Nasirs®
Hour-Glass Matrix℠

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 course 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 came into effect on 1 July 2016.  The Manual on Solicitors' Accounting of the Law Society has been updated to reflect the amendments introduced by the Solicitors' Accounts (Amendment) Rules 2012.

Firms must effect changes to their accounting systems on the handling and recording of client money.  This course will introduce and highlight the rules for timely compliance with the Solicitors' Accounts Rules.

Practical demonstration as well as the use of the Nasirs® Hour-Glass Matrix℠ will enable delegates to easily and effortlessly assimilate and understand the Solicitors' Accounts Rules and apply them intuitively.  Microsoft Excel will also be used to explain the application of the Solicitors' Accounts Rules and accounting entries.

This course is primarily designed for law firm staff dealing with solicitors' accounts on a day to day basis and those interested in the management of client money and compliance with the Solicitors' Accounts Rules.

• Introduce the Nasirs® Hour-Glass Matrix℠
• Demonstration on the requirements of each rule and how they work in practice
• Procedures, common errors and pitfalls
• Solicitors/Accountants' duties and responsibility
• Preparing Gross Fee Income Report & Accountant's Report
• Obligation to keep proper books with examples on client account ledger
• Discussion on preparing a Reconciliation Account per month
• Relevant sources of law and regulation:
1. Solicitors' Accounts Rules (Cap.159F)
2. Accountant's Report Rules (Cap.159A)
3. HKICPA Practice Note 840
4. Hong Kong Solicitors' Guide
5. Practice Directions A(3)
6. Manual on Solicitor's Accounting