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While the Bar Association notes that a breach of the rules in its Code of Ethics constitutes professional misconduct, Brathwaite pointed to the United KingdomвЂ™s (UK) Solicitors Regulatory Authority Rules as offering a more detailed guide for the protection of client accounts, which he suggested the Bar could consider for the purpose of updating its 1988 Code.

#ICAB NUMBER VERIFICATION#

вЂњIndependent verification may include periodic audit of client accounts, or limited procedures to verify that the recommended accounting systems and controls are in place and operating effectively,вЂќ he said.

Even where the lawyer has employed qualified accounting staff to supervise record keeping, independent verification may still be advisable,вЂќ commented Brathwaite. вЂњProper accounting for client money can be complex, especially where there is a large number of clients and client transactions, and errors may occur inadvertently despite the best of intentions. However, Brathwaite noted that some members of the legal fraternity or their staff might relax such procedures if there was no external party checking to make sure that this occurred. This advice has come from vice president of the Institute of Chartered Accountants of Barbados (ICAB), Andrew Brathwaite.ДЄccording to the Barbados Bar AssociationвЂ™s Legal Profession Code of Ethics, attorneys are required to keep accounts that clearly and accurately distinguish funds held in trust for clients against the lawyerвЂ™s own finances.

ATTORNEYS IN BARBADOS are being encouraged to consider voluntarily allowing an independent audit of their client accounts for the protection of themselves, their clients, and the integrity of the legal profession.

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