Advocates, Auditing

Advocates

The statutory provision regulating the handling of client’s monies is covered in the advocate's act.

Principle of the rules:

  • To require a lawyer to keep client's money separate from his own money;
  • To ensure that a lawyer keeps adequate records of his transactions so that his books show money received and paid and balance held on account of each client;
  • To ensure that one client's money is clearly distinguished from that of other clients and from any other money passing through the lawyer's accounts.

 

Wide effects of the rules:

  • That money received by a lawyer who does not belong to him should be dealt with through the client account;
  • That his own money is kept in an office account.

 

Posted Date: 12/4/2012 5:38:50 AM | Location : United States







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