Breaches of the SRA Accounts Rules — SQE1 FLK2 Solicitors Accounts

There is no twenty-four hour rule, and believing in one is how a small overdraft turns into a career problem.
Practise this topic with exam-style questions: sqe1prep.co.uk/sqe1/solicitors-accounts?utm_so…
In this episode:
• A breach is a breach whatever you knew or intended
• Reporting turns on materiality, not on any fixed deadline
• Correct a shortage from the firm's own money, promptly
• Never fix one breach by committing another
• A debit balance on a client ledger is a shortage
Narrated by an AI voice from a script written and checked by the editors at sqe1prep.co.uk. Educational content only — not legal advice. SQE1 Prep is not affiliated with or endorsed by the SRA or Kaplan.