Trust accounts are one of the fastest ways attorneys get audited, disciplined, or disbarred—often without realizing they’re doing anything wrong.In this episode of the Alive. Again. Podcast, Andreea Parc sits down with Amy Woods, an accountant with over 20 years of experience specializing in IOLTA and attorney trust accounting, to break down what every lawyer must know to stay compliant and protect their license.Amy reveals the most common trust account mistakes attorneys make, what really happens during an audit, why three-way reconciliations matter, and when outsourcing trust accounting can save you from serious consequences. They also discuss voluntary disclosure programs, escheating abandoned trust funds, and the mindset shifts attorneys need to move from fear-based compliance to peace of mind.If you are an attorney, law firm owner, or legal professional handling client funds, this episode could save your career.What you’ll learn:• Common IOLTA trust account mistakes• How audits are triggered and conducted• Real-life audit examples• Three-way reconciliation explained• Escheating and abandoned trust funds• When to outsource trust accounting• How to reduce stress and risk around compliance⏱ Timestamps00:00 Welcome & Introduction00:32 Guest Introduction: Amy Woods01:21 Common Trust Account Mistakes03:52 Understanding Audits04:20 Real-Life Audit Examples06:34 Random Audits Explained10:40 Three-Way Reconciliation14:29 The Importance of Escheating17:20 Outsourcing Trust Management22:51 Mindset Shifts for Attorneys32:56 Final Thoughts🔔 Subscribe for conversations that help attorneys stay ethical, resilient, and Alive. Again.Contact AMY WOODS: [email protected] ANDREEA PARC: www.andreeaparc.com#TrustAccounting #IOLTA #AttorneyEthics #LawFirmCompliance #LegalAccounting #AttorneyAudit #AliveAgainPodcast #AndreeaParc#Lawyer