COFA – Duties and responsibilities

The role of the Compliance Officer for Finance and Administration (COFA) – course outline 

The SRA Accounts Rules 2011 came into force on 6th October 2011.  The SRA Handbook includes a range of mandatory requirements for all practices that include the obligation to designate specific compliance officers.

This ½ day course examines in detail the duties and responsibilities of the Compliance Officer for Finance and Administration (COFA) and is aimed at Senior and Managing Partners, Finance Directors and Managers together with Risk and Compliance Managers that are involved with SRA compliance.

This course will address the key issues and aims to give practical advice and guidance on the role and responsibilities of the COFA.


  • Background to the role of the COFA
  • The SRA Handbook – relevant Principles under OFR
  • The SRA ‘quick guide’ to the COLP and COFA
  • 2011 Code of Conduct relevant Chapters and Outcomes
  • Chapter 7 – Management of Business
  • Chapter 10 – You and your regulator
  • SRA Monitoring and Information requirements
  • Authorisation Rules – Rule 8 and guidance
  • Duties of the COFA – compliance plans, interaction of COLP and COFA
  • SRA Accounts Rules
  • Potential Liability for the COFA – Disciplinary Rule 3 and Case of McGrath
  • Summary and questions


Trainer: Peter Warner, MBA, Solicitor and Consultant. Peter regularly advises the country’s top firms on Risk Management and Quality Standards. Between April and October 2010 Peter was involved in the Relationship Management pilot project with the SRA, part of their move towards Outcomes Focused Regulation.