Communication on the Sweeping of the 5% of interest earned on Section 86(4) trust investments in terms of Section 86(5) of the Legal Practice Act

Overview

This communication explains the sweeping of 5% interest earned on S86(4) trust investment which is in accordance with S86(5) of the Legal Practice Act (effective from 1 March 2019)
AuthorThe Legal Practitioners Fidelity Fund (LPFF)
DivisionAudit and Assurance
Keywords
Audit of Legal Practitioners’ Trust Accounts
Categories
Audit of Legal Practitioners’ Trust Accounts
sweeping; interest
DateFeb 2019
File