Page 300 - IOM Law Society Rules Book
P. 300
ADVOCATES ACCOUNTS RULES 2008
• Paid cheques, supporting evidence, and other authorities for the withdrawal of
money from a client account are kept for at least two years;
• Other vouchers and internal expenditure authorisation documents relating directly
to entries in the client account books are kept for at least two years.
Wherever possible the firm should maintain copies of accounting records off-site as a
precaution against fire or other destruction of records.
5.7 The firm should ensure that unused client account cheques are stored securely to
prevent unauthorised access. Blank cheques should not be pre-signed. Any cancelled
cheques should be retained.
5.8 The firm should periodically review large amounts of client monies held for long
periods, and the purposes for which they are held, and take steps to inform such clients
of the balances held for them.
APPENDIX 1 – Council of the Isle of Man Law Society Guidelines page 57
