How to Survive Your Trust Account Audit

Trust accounts are an integral part of many practices, and unfortunately they are also a common source of disciplinary trouble. Seamlessly incorporating your trust accounting into your day-to-day practice management routine is one of the best ways to protect yourself, your firm, and your clients. Yet many firms choose to maintain separate trust accounting systems – increasing complexity and risk in equal measure.

Four Rules to Make Sure Your Trust (IOLTA) Accounting is “Squeaky Clean”

  • Always Be Current – Retrofitting records is a recipe for disaster.
  • Always Be Correct – Auditors, regulators, and clients have “zero tolerance” for mistakes.
  • Always Be Compliant – How to maintain reconciliation & reports that always meet current IOLTA rules.
  • Always Be Transparent – Your auditors want 100% transparency with no obstacles.

In this webinar hosted by the ABA Legal Technology Resource Center, learn more about these four rules and discover how state-of-the-art practice management tools can bring trust accounting under control with little effort on your part.

Thank you to our sponsor.

Featured image from Shutterstock.

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Law Technology Today is the official legal technology blog from the ABA Legal Technology Resource Center (LTRC). Law Technology Today provides lawyers and other legal professionals with current, practical and innovative content developed by some of the leading voices on legal technology.

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