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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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Secondhand & Out of Print

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This book is now Out of Print.
A new edition has been published, the details can be seen here:
COLP and COFA: Compliance in Practice 2nd ed isbn 9781783580514

COLP and COFA: Compliance in Practice

ISBN13: 9781908640253
New Edition ISBN: 9781783580514
Published: April 2012
Publisher: Ark Group
Country of Publication: UK
Format: Paperback
Price: Out of print

Number of Pages: 98

This must-have guide clearly sets out all the obligations and duties of the COLP and COFA roles, along with case study examples and expert advice to aid compliance.

It looks at who might be suitable for these new roles and the experience and knowledge they are likely to need in order to be successful. Practical support is also offered to help COLPs and COFAs meet the SRA’s requirements and to use their positions to the benefit of their firms.

Key features of the report include:

  • The attributes of a COLP and COFA;
  • The responsibilities of the COLP and COFA;
  • How these roles might fit into the management structure;
  • What a compliance plan should contain;
  • What taking all “reasonable steps” to ensure compliance means;
  • Reporting non compliance and what “material” non-compliance might include;
  • The relationship between the SRA and the COLP and COFA;
  • The SRA’s new approach to risk and its supervision regime.
Case studies and commentaries are also included covering:

  • The similarities with the MLRO role;
  • The nuts and bolts of compliance; and
  • The reporting accountant’s perspective.