Trust Accounts
We provide independent trust account audits for legal practices, accounting firms, real estate agents and other businesses that hold client money, tailored to the requirements of your industry and type of trust account.
Audit Edge provides independent trust account audit services to organisations and professionals required to have trust accounts audited under applicable legislation or regulatory requirements.
Trust account audits focus on the handling and recording of trust money, including the examination of relevant records, transactions, reconciliations and supporting documentation. The specific procedures and reporting requirements depend on the type of trust account and the legislation governing it.
How we help: We establish the applicable audit requirements, explain the records needed, and coordinate the engagement to help clients meet their reporting deadlines.
What’s included
Required audit report
Preparation of the required audit report, with an agreed timetable aligned with applicable reporting and lodgement deadlines.
Audit findings and recommendations
Clear communication of key findings and recommendations to help strengthen trust account procedures and controls.