Financial Controls and Annual Compliance Statements

The introduction of a strengthened SIP 11 in 2018 placed increase emphasis on the need for robust financial controls within IP practices. It also makes clear the Regulators' expectations that controls should be reviewed at least annually. We see similar annual review requirements in related compliance areas, rendering the production of an annual compliance statement an essential risk management strategy for all sizes of IP practice.

This workshop adopts a practical and interactive approach to identifying what proportionate and appropriate controls look like for different types and sizes of practice. It will help you to implement these into your firm and periodically review their effectiveness as part of a broader internal annual compliance review.

• Understand the detailed requirements of SIP11
• Consider their practical application to your practice in a proportionate and risk assessed manner
• Share experiences, good practices and tips with peers
• Meet regulatory requirements with a meaningful annual review process
• Consider how your controls and review processes can interact with and support your broader compliance obligations

This course is intended for insolvency practitioners, those considering obtaining their insolvency licence or setting up in practice and personnel engaged in the implementation of compliance processes.

Half day course: £155 + VAT

Bespoke In-House

We can also run this training in-house for your team. This is a cost-effective option for larger practices. Contact us to discuss available dates.

Cost: Half day course: £975 + VAT