Colloquial expressions, such as the one heard in The Wizard of Oz, help us to appreciate that there are different ways to look at things.  Recognizing that the announcement of an audit is received much like an unexpected summons to the principal’s office, calling an audit a Quality Assurance Review (QAR) has the benefit of suggesting a positive and affirming exchange.  The Fund’s version of an audit is worlds apart from the greatly feared and much maligned IRS procedures.  Typically, the QAR is a minimally invasive inquiry and analysis; nothing more than a minor intrusion into workday schedules. Members who are reasonably organized, and in compliance with Florida Bar rules on trust account management, will take these reviews in stride.  They will experience a valuable affirmation of their practices as well as respect for the procedure which informs and protects all Fund members. 

The Fundinar will acquaint members with the types of audits which are performed and the regulatory requirements which govern them.  Members will learn best practices in the proper handling and maintenance of files, trust accounts, and office management.  The presentation will focus upon the relevant rules of the Florida Bar Association, the logistics of preparing for a QAR, the manner in which a review is conducted in cooperation with a law office, and the suggestions, recommendations and requirements which follow a Quality Assurance Review. This Fundinar is presented FREE of charge to Fund Members in light of the importance of communicating the purpose of a Quality Assurance Review.  This Fundinar is approved for 1 ethics credit with the Department of Financial Services and NALA, and 1 general credit and .5 ethics with The Florida Bar.