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2018 VOLTA COMPLIANCE STATEMENT All lawyers licensed to practice law in Arkansas are required to annually certify their compliance with Rule 1.15 of the Arkansas Rules of Professional Conduct. YOU
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How to fill out 2018 iolta compliance statement

01
To fill out the 2018 IOLTA compliance statement, follow these steps:
02
Gather all relevant financial records and documents for the year 2018.
03
Identify and document all trust accounts and IOLTA accounts held by the law firm.
04
Verify that the trust accounts and IOLTA accounts are in compliance with the applicable rules and regulations.
05
Compare the account balances with the client ledgers and ensure they match.
06
Reconcile any discrepancies between the account balances and client ledgers.
07
Complete the compliance statement form provided by the governing authority or organization.
08
Provide accurate and detailed information about each trust account and IOLTA account, including the account balance, interest earned, and any fees or expenses deducted.
09
Submit the completed compliance statement by the specified deadline.
10
Keep a copy of the completed compliance statement and supporting documents for your records.
11
Periodically review and update the compliance statement as required.

Who needs 2018 iolta compliance statement?

01
Law firms and attorneys who handle client funds in trust accounts or IOLTA accounts are required to file the 2018 IOLTA compliance statement. This includes attorneys who handle cases involving client settlements, retainers, or other funds that need to be held in trust for the benefit of the client. The compliance statement ensures transparency and adherence to the rules governing the handling of client funds.
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IOLTA compliance statement is a document that certifies a lawyer's compliance with the rules and regulations of the Interest on Lawyers' Trust Accounts program.
Lawyers who participate in the IOLTA program are required to file the compliance statement.
The compliance statement can be filled out online or through a paper form provided by the state bar association.
The purpose of the compliance statement is to ensure that lawyers are following the rules and regulations of the IOLTA program to protect client funds.
Lawyers must report their bank account information, interest earned on client funds, and any compliance issues.
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