If notification of a visit from the SRA Practice Standards Unit arrived on your desk today, would your firm be ready - or would panic ensue?

With the PSU now visiting more than 1000 firms a year and the significant sanctions that can be meted out for breaches, being caught unprepared when such a notice is received is just not an option.

Managing Partner's new report - Preparing for a PSU Visit - is a step-by-step guide to preparing for and surviving an SRA Practice Standards Unit visit. From receipt of the notification letter to the closing correspondence that marks the end of the process, this practical guide will show you:

• How to prepare for the visit including gathering and reviewing the information requested in the Unit's schedule of information;
• What to expect during a visit and what the key stages are;
• How the PSU adviser will select case files for review;
• The type of questions that may be asked;
• What information the follow up report is likely to contain;
• What you should do if you disagree; and,
• How to respond to ensure that the case is swiftly and satisfactorily concluded.

Preparing for a PSU Visit is the only in-depth guide on this crucial subject, providing you with key insight into:

- What information the SRA might have about your firm;
- The possible reasons for a visit and key beaches to be aware of;
- Which units aside from the PSU that might be involved; and,
- What their approaches might be.

The report examines the type of breaches that may result in referral to other departments within the Authority - and what might happen if your firm is referred for regulatory action.

It reveals what this might mean for your firm, how to handle it and most importantly how to avoid it in the first place.

The impact that the recent changes to the rules and to the Authority's approach to regulation will have on your firm are also examined in detail - ensuring you are up to date and prepared when the notification letter lands on your desk.

In addition, a summary of priorities and key actions that every firm should take now are included to help you ensure that your firm is well prepared for any future visit.