Ideally, your office should have clearly established internal controls for handling and documenting all types of financial transactions. These internal controls are really just policies and procedures that direct what steps should be taken when various financial transactions occur. Although a lack of internal controls does not necessarily constitute a breach of the Rules of Professional Conduct or By-laws, you may consider implementing internal controls to assist your efforts to comply.
The following are some suggested internal controls you may consider implementing
at your office:
When dealing with cheque requisitions for both your general and trust accounts, consider . . . [more]