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Examination Timing: 00H00M13S
A solicitor discovers that one of the firm's partners has been using client funds for personal expenses. What should the solicitor do according to the SRA Accounts Rules and ethical standards?
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The solicitor must report the partner’s actions to the SRA immediately. Misuse of client funds is a serious breach of the SRA Accounts Rules, and immediate reporting is necessary to protect clients and uphold professional standards. Key Point: Reporting breaches of the SRA Accounts Rules, particularly misuse of client funds, is crucial for maintaining ethical standards and protecting clients.
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