Introduction and Objectives

The objectives of the Trust Accounting Essentials Module are to:

    • understand the requirements of the Rules of the Law Society of Alberta with respect to lawyer trust accounting;
    • outline the types of trust accounts;
    • learn how to manage trust accounts, including how trust monies are deposited and withdrawn from trust accounts;
    • understand records retention, including prescribed financial records and reconciliations; and
    • how to avoid common trust accounting pitfalls.

Although we aim to present a comprehensive module, this module is not exhaustive. This module is not a substitute for exercising professional judgment and does not constitute legal advice. 

Last modified: Monday, 21 August 2023, 10:41 AM