The IOLTA Bookkeeping "Stress Test"

Maintaining compliance with the State Bar of California’s trust accounting standards is more than just a bookkeeping task, it is a critical requirement for protecting your attorney license. With the implementation of the Client Trust Account Protection Program (CTAPP), the margin for error has disappeared. Even if you're not based in California, since their oversight and standards are the highest in the country, this test sets a benchmark that gives the peace of mind that your accounting operations are as compliant as possible.

 

We designed this brief assessment specifically for attorneys to help you identify potential "red flags" in your QuickBooks records, from three-way reconciliations to client ledger accuracy. Answer the five questions below to receive your compliance score and see where your firm stands.