REAL ESTATE TRUST AUDIT
WHO IS REQUIRED TO HAVE THEIR TRUST ACCOUNTS AUDITED?
The following people must have their trust accounts audited if they received or held trust money during the financial year ending 30 June each year:
- a licensee
- a former licensee, or
- a personal representative of a licensee.
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In NSW, estate agents must establish and maintain a trust account that complies with the Property, Stock and Business Agents Act 2002 – Section 111 & 113 and Property, Stock and Business Agents Regulation. The audit of your trust account is regulated by Office of Fair Trading, New South Wales and the due date of qualified reports is by 30 September of each year.
In Victoria, estate agents must establish and maintain a trust account that complies with the Estate Agents Act 1980 and the Estate Agents (General, Accounts and Audit) regulation 2008. The audit of your trust account is due by the 30th September of each year and is regulated by Consumer Affairs Victoria.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
In Queensland, estate agents must establish and maintain a trust account that complies the Agents Financial Administration Act 2014 and the Agents Financial Administration Regulation 2014.
ABOUT OUR AUDITING SERVICE
WE ARE QUALIFIED ESTATE AGENT TRUST ACCOUNT AUDITORS AND CAN PROVIDE INDEPENDENT ASSURANCE ON THE OPERATION OF YOUR TRUST ACCOUNTS. OUR PROFESSIONAL TEAMS PROVIDE THEIR AUDITING SERVICE IN A TIMELY AND EFFECTIVE MANNER ALLOWING YOUR AGENCY TO FULLY COMPLY WITH VICTORIAN REGULATIONS WITHOUT UNNECESSARY HINDRANCE TO YOUR STAFF. OUR EXPERIENCED AUDIT TEAMS WILL:
OUR FEE
WE CHARGE A FIXED AGREED FEES GIVING YOU GREATER CERTAINTY OF KNOWING WHAT IT IS GOING TO COST YOU RIGHT FROM THE BEGINNING.
0-200 PROPERTIES $ 900+GST 201-400 PROPERTIES $ 1200+GST ABOVE 400 PROPERTIES $ TBQ
PER TRUST ACCOUNT
In today’s costly and highly regulated environment the importance of a robust audit and risk assurance process is of crucial importance for all stakeholders in any organization.
1 Accountants provide independent and impartial advice while ensuring compliance with current regulatory requirements and accounting standards. Our capability and experience in providing audit and risk assurance services include:
You will be amazed by the results derived by our expert team.
1 Advisory Team
Contact us today , for your Accounting , Audit , Company secratarial or Taxation needs!