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COFAs - Stay alert and take a stand against cybercrime
The term "stay alert" is something we have all become accustomed to in recent months as we continue through the implications of the current pandemic.
For law firms it is a topical matter, not only in dealing with the current COVID-19 situation and government guidelines but also from the fraudsters who have looked to take advantage of the current situation and further attempt to exploit weaknesses that may arise, to defraud the practice.
As this topical issue is heightened at this time, COFAs play an important role within the firm and are responsible for implementing and maintaining suitable accounting systems and procedures to safeguard client money and the firm’s own financial stability.