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Trust Accounting Mistakes Under the Legal Practice Act That Lead to Serious Trouble

Trust accounting errors carry heavy consequences under the Legal Practice Act. This session helps accountants understand what trust accounting really requires and how to avoid mistakes that lead to investigations, penalties, or loss of credibility.

Date:

31 March, 2026

Time:

TBC

Hours:

1 hour

CPD Units:

2

Category:

Accounting

Group:

Channel 2: Growth

Format:

Live Event

R230,00 VAT incl.

Product Information

Trust accounting is one of the highest-risk areas of financial work. Small mistakes can trigger audits, investigations, and severe consequences for both the legal practice and the accountant involved.

This session focuses on trust accounting as it works in practice, not legal wording alone. It explains what the Legal Practice Act requires, where trust money is often mishandled, and how poor controls lead to serious problems.

The session is practical and clear. It helps accountants understand their role, the records that must be kept, and where they are most exposed. Delegates will learn how to support legal practices safely, spot warning signs early, and avoid being pulled into compliance failures they cannot fix after the fact.

Presenter/s

Willem Otto

Financial Manager and Renforcer Investments Specializes in SME finance and helping newly qualified accountants transition into financial management through practical leadership and communication skills.

Corne van Schalkwyk – Finance Manager

What will set you apart

By attending this event, delegates will learn:

Delegates will learn where trust accounting usually goes wrong, what compliance rules matter most, and how to work safely within the Legal Practice Act. This allows them to protect themselves, support legal practices properly, and avoid being caught in serious compliance failures.

Event breakdown

  • Why trust accounting carries serious risk
  • Key trust accounting rules under the Legal Practice Act
  • Common trust accounting mistakes
  • Where accountants and firms are exposed
  • Record-keeping and control failures
  • How investigations and audits are triggered
  • Practical steps to reduce trust accounting risk

Certificate

The following event is awarded 2 CPD units in Accounting.