Dive into trust account pitfalls as we explore real-life fraud cases, cybersecurity risks, and how mishandled workflows lead to compliance failures. Learn practical safeguards, staff training tips, and best practices to protect your firm’s trust funds - with a fun quiz to test your knowledge.

01:31 Listener Question: Preventing Trust Account Mishaps
01:59 Cybersecurity and Trust Account Safety
05:07 Real-Life Scenarios and Best Practices
08:19 Flat Fees and Trust Account Compliance
18:57 Trust Account Mismanagement
19:44 Importance of Proper Workflow
21:31 Handling Cash in Law Firms
22:46 Billing Errors and Best Practices
25:42 Trust Fund Protocols and Training
27:39 Fraudulent Checks and Money Laundering
28:57 Game Show: Trust Account Scenarios

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Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk

Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.