A guide to auditing real estate trust accounts
In Victoria, real estate agents who hold or receive money on or behalf of others are required to open and maintain trust accounts.
Category: Audit & Financial Reporting
Tips, tricks and guides to everything you need to know about auditing and financial reporting and getting the best results from your audits.
Latest Audit & Financial Reporting news
Trust taxation and family groups: Navigating the new era of trusts
There are a few things to keep in mind as you navigate the taxation of family trusts going forward. Here's what you need to know.
Requirements for independent audit of solicitor trust accounts
Solicitors who operate trust accounts are required to keep accurate records for annual audits. Here’s what you need to know.
Significant changes to owners’ corporation: what are they?
Significant reforms to the way owners’ corporations operate in Victoria are now in effect. Here’s what you need to know.
Australian Charities and Not-for-profits Commission (ACNC) introduces financial reporting threshold relief
The Australian Charities and Not-for-profits Commission (ACNC) is set to introduce a relief in reporting...
Changes to Special Purpose Financial Statements (SPFS) and Reduced Disclosure Requirements
Rules that apply to for-profit entities preparing special purpose financial statements will soon change.
From...
What is the audit process?
Financial audits are an important part of financial reporting for businesses and organisations, with...
What is a financial audit and why is an audit required?
What is financial auditing?
If you need an independent opinion on the financial statements of your business,...
COVID-19 and financial reporting: completing year-end solvency statements
Are you aware of the implications that COVID-19 may have on year-end solvency statements and consequently...
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