Handling Client Money and Assets Safely
Segregation, Regulatory Standards, Risk Controls, and Compliance Reporting for Client Funds
About This Course
Course Information
This CPD course is designed to help accounting and finance professionals understand the critical responsibilities involved in managing client money and assets. It offers a comprehensive overview of definitions, regulations, and ethical obligations, while also equipping learners with practical strategies to mitigate risks and implement effective controls. Covering real-world case studies, behavioural insights, and compliance techniques, the course enables participants to safeguard client funds with confidence and integrity—ensuring alignment with ACCA and other professional standards.
Course Sections
This is a 8 unit CPD course that is made up of following sections:
- Introduction to Client Money and Asset Responsibilities (videos, interactive contents, and quizzes)
- Regulatory Frameworks and Best Practices (videos, interactive contents, and quizzes)
- Managing Risk, Compliance, and Reporting (videos, interactive contents, and quizzes)
- Additional readings
What You Will Learn
- Define client money and client assets, and distinguish them from firm-owned funds using ACCA and FCA guidance
- Identify the legal, reputational, and operational risks that arise from commingling client and firm money
- Explain the segregation, protection, and transparency duties under ACCA Section 270, FCA CASS rules, and ICAEW Client Money Regulations
- Evaluate real-world enforcement cases where firms were fined for procedural failures in client money handling
- Apply reconciliation procedures, dual-authorisation controls, and discrepancy reporting procedures to client accounts
- Describe the ethical obligations of accountants when managing client funds, including conflicts of interest and escalation protocols
Who This Course Is For
- Accountants and finance professionals who hold or manage client money as part of their practice
- Compliance officers responsible for client money procedures and regulatory reporting
- Practice managers setting up or reviewing internal controls for client account handling
- Professionals preparing for regulatory inspections of client money processes
Prerequisites
- Working knowledge of basic accounting principles and client engagement procedures
- Familiarity with professional body requirements (ACCA, ICAEW, or equivalent) is useful but not essential
- No specialist compliance qualifications are needed
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