REAL ESTATE AGENT’S TRUST ACCOUNT AUDIT MELBOURNE
As a Real Estate Agent you have an obligation each year to get your trust accounts audited. Without this you can not get your licences renewed through Consumer Affairs Victoria.
As a part of the Real Estate Agent’s trust account audit, we have devised an audit program that helps us audit important legislative issues that a real estate agent’s trust accounting should comply with. Our program is guided through the Estate Agent’s act 1980 and covers important legislative frameworks and issues.
Our audit program can quickly identify risk areas as required by the consumer affairs and hence allows us to offer a fixed fee.
We can provide a written recommendation report at the end of your compliance audit to mitigate any risks that may have been identified during the audit of the Real Estate Agent’s Trust Account audit.
We can provide an on site or off site audit solution to cater to your requirements.
Generally you are required to submit the report to Consumer Affairs before the 30th of September each year, but for some of our client’s we have also been able to do it after this date without any penalties being charged.
We have carried out numerous audits till date and are thoroughly aware about the requirements.
Generally audits comprise of the testing of the Real Estate Agent’s sales trust accounts Audit and the Real Estate Agent’s Rental Trust Accounts Audit and most estate agents use a computerised software to record trust account transactions.
Essential links for the Audit are as under:
The Assurance Report:
The Guidelines:
The Fee:
Our Fee for a single trust account is only $599+ GST.