Avoid costly mistakes. Protect your practice. Stay compliant. Mishandling trust funds isn’t just a mistake—it’s a career-ending risk. Join for an essential afternoon of expert-led sessions designed to keep your trust accounting practices sharp, compliant, and audit-ready.
-
- Stay compliant with regulatory standards
- Learn from real case studies and avoid costly mistakes
- Be audit-ready and confident in your trust account management in your firm
- Ideal for lawyers, legal support staff and bookkeepers
Tuesday, 9 September 2025
Practice Management
2.00pm to 3.00pm Trust Accounting Fundamentals: Key Concepts and Best Practices
- Understanding trust account basics and regulatory compliance
- Managing interest-bearing trust accounts and specific client instructions – what are the rules regarding interest generation?
- Proper recording procedures, balancing trust accounts and identifying irregularities
Presented by Ben Youn, Managing Director, Quantum House Australia
4.00pm to 4.15pm Afternoon Break
Do you want customised Trusts Accounting Training?
Onsite and customised training is also available, just contact us at info@legalwiseseminars.com.au to arrange training in your workplace.
Description
Attend and earn 3 CPD Units including:
1 CPD unit in Ethics and Professional Responsibility
1 CPD unit in Practice Management
1 CPD unit in Professional Skills
This program is applicable to practitioners from all States & Territories
Chair:
Professional Skills
3.00pm to 4.00pm Trust Account Reviews: What to Expect and How to Prepare
- How to prepare for a trust account examination
- The most common breaches and why they happen
- What to do if you're delayed in recording transactions or transferring funds
Presented by Robert Liu CA CPA RTA MPA, Partner, Pitt Martin Group
Ethics and Professional Responsibility
4.15pm to 5.15pm Ethical Obligations and Case Studies
- Key red flags that may indicate potential fraud in trust or operating accounts
- Understanding your obligations and responsibilities when managing trust money
- Critical areas to focus on when reviewing trust accounting records for accuracy and compliance
- Practical case studies highlighting real-world breaches; what went wrong, what should have been done, lessons learned and how to prevent similar issues
Presented by Chris Thong CPA ACFE, CT Consultants
Presenters
Ben Youn, Managing Director, Quantum House Australia
Benedict Youn brings over twenty years of distinguished experience in accounting and financial advisory to his role as founder of Quantum House Australia. With extensive expertise in financial accounting, audit, forensic accounting, and taxation, Benedict serves high-net-worth individuals and SMEs with revenues up to $100 million. His experience includes successfully managing complex dispute resolution cases with the Australian Taxation Office. Since 2013, Benedict has served as External Examiner for the Law Society of NSW and the Victorian Legal Services Board, overseeing 15 to 20 legal practices across both states. He is a member of CPA Australia and The Tax Institute. Benedict holds a Bachelor of Laws, Bachelor of Business, and Graduate Diploma in Advanced Taxation, providing comprehensive legal and commercial expertise for today's complex business environment.
Chris Thong CPA ACFE
Christopher (Chris) Thong is a qualified accountant with CPA Australia, a full member of the Association for Certified Fraud Examiner and an approved External Examiner for NSW and Victoria. Prior to commencing with CT Consultants, Chris has been working as an investigator for 13 years for the Trust Accounts Departments of Law Institute of Victoria and Law Society of NSW. Chris has significant experience in financial crime investigation, law practice’s trust account investigation, compliance review, trust records examination, trust records reconstructions, risk assessment and trust account compliance training.
Robert Liu CA CPA RTA MPA, Partner, Pitt Martin Group
As Principal of the full-service accounting firm Pitt Martin Group, Robert Liu is a certified External Examiner for Legal Trust Accounts with the Law Societies of New South Wales, Victoria, and Western Australia. With over a decade of practical experience in legal trust account examinations and bookkeeping, Robert and his team have an in-depth understanding of compliance requirements, common pitfalls, and Law Society recognised trust accounting software such as LEAP, Clio, etc. In addition, Robert is a registered tax agent and a member of both Chartered Accountants ANZ and CPA Australia. Robert and Pitt Martin Group’s achievements have been widely recognised, including the 2018 CPA NSW President’s Award for Excellence, being named a Finalist in the 2020 Australian Small Business Champion Awards, the 2021 Accountants Daily Accounting Firm of the Year Award, the 2022 Start-up Firm of the Year Award, and the 2023 Hong Kong–Australia Business Association Business Award.
