Attorneys Act, 1979 (Act No. 53 of 1979)Rules for the Attorneys' ProfessionPart V : Accounting RulesGeneral Provisions |
| 38.1 | Failure to comply with any of the provisions of these accounting rules shall constitute unprofessional conduct on the part of the partners or directors of the firm. |
| 38.2 | An administrative levy in an amount to be determined by the Council from time to time shall be payable by all firms whose audit reports are not submitted within six months of the annual close of the accounting records of the firms concerned, as prescribed by rule 35.22. |
| 38.3 | It shall constitute unprofessional conduct, or an abuse or misuse of trust funds, for a member to enter into any abnormal or unusual banking arrangement in relation to trust accounts such as "no interest - no charges" or to agree to or acquiesce in reduced interest or to increased charges in return for, or in the expectation or hope of, work allocated or referred to the member by the bank or corresponding advantages allowed by the bank to the member in respect of the members business or private accounts. |
| 38.4 | The Council shall be entitled to recover from a firm any expenditure incurred by the Council resulting from the firm's failure to comply with these rules. |