(a) Copy of correspondences between the parties. Records obtained for the purpose of professional jobs:Īdvocates, Chartered Accountants, Cost Accountants, Company Secretaries and Pleaders while performing work on behalf of their client receives documents, papers of several types like:. It has been held by the courts that refusal to return documents of client unless fees is paid is a professional misconduct. In this write-up besides general professional conduct and misconduct matter relating to records of client and other documents is considered. The examples of misconducts as provided are not exhaustive and the governing bodies have wider power to enquire other misconducts also. Statutory provisions and governing bodies also provide guidelines about professional conduct and misconduct. A professional has also to maintain professional decency and conduct himself so as to maintain and improve the image of the profession in which he is engaged. Bad conduct will impair reputation and goodwill. The respect, prestige, reputation can be improved by good conduct in day to day dealing with clients, concerned authorities, and related people. A professional person has respectability and it need to be improved and preserved. Good conduct is essential for any person to maintain good relations with others, maintain goodwill in business and profession. By nature one need to behave in a manner that he gain respect. (b) any investigation of the solicitor, as provided for in Regulation 35 thereof, and any proceedings which commenced and have not been finally completed before the date specified in Regulation 1(2).A professional person is a social person, as in case of respect in society, respect in profession is very important. (a) any accounting period in any practice year that has commenced before the date specified in Regulation 1(2), until such time as the solicitor has duly complied with the provisions of Part V (Regulations 26 to 34 inclusive) as regards the furnishing to the Society of a reporting accountant’s report for any such accounting period or periods and (3) The Solicitors Accounts Regulations 2014 shall remain in full force and effect in relation to a solicitor in respect of: (2) These Regulations shall come into operation on the 1st day of July 2023 and thenceforth, subject to Regulation 1(3), the Solicitors Accounts Regulations 2014 shall stand revoked. (1) These Regulations may be cited as the Solicitors Accounts Regulations 2023. THE LAW SOCIETY OF IRELAND, in exercise of the powers conferred on it byĪnd of every other power enabling them, and with the concurrence of the Legal Services Regulatory Authority, HEREBY MAKE the following Regulations.ġ. Requirement to furnish accounting statement or report Maintenance of a register of undertakingsģ9. Service of notices on reporting accountantģ8. When reporting accountant’s report not requiredģ4. Where two or more places of business or associated firmsģ2. Solicitor’s duty to furnish documents to reporting accountantģ1. Duty to deliver reporting accountant’s report to SocietyĢ9. Duty of personal insolvency practitioner to maintain accounting recordsĢ6. Withdrawals from insolvency arrangement accountĢ4. Moneys to be paid into insolvency arrangement accountĢ3. General duty to pay insolvency arrangement moneys into insolvency arrangement accountĢ2. General duty to pay non-controlled trust moneys into non-controlled trust accountĢ1. Duty of controlling trustee to maintain accounting recordsĢ0. Withdrawals from controlled trust accountġ9. Moneys to be paid into controlled trust accountġ8. Treatment of moneys which include trust moneysġ7. Where discretion to pay into controlled trust accountġ6. General duty where controlled trust moneys receivedġ5. Books of account to be maintained by solicitorġ4. Transfers between client ledgers accountsġ3. Manner of withdrawal from client accountġ0. Treatment of “mixed” moneys and exceptions to requirement to lodge clients’ moneys to client accountĩ. Where discretion to pay into client accountĦ. General duty to pay clients’ moneys into client accountĥ. PART II: CLIENT ACCOUNT AND OFFICE ACCOUNTĤ. Solicitors to whom these regulations apply Citation, construction and commencementģ. Notice of the making of this Statutory Instrument was published inġ.
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