AGENT TRUST ACCOUNT
Audit Me are your Trust Account specialists. We are qualified real estate agent, property manager, resident letting agent, broker and motor dealer trust account auditors and can accommodate audits of all sizes.
Our focus is our client’s business. We work with you in a collaborative and approachable way to ensure minimal disruption to your business. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention.
We can work on-site as needed or audits can be done online. The majority of audits we complete are paperless, we are familiar with a number of different trust accounting software including PropertyMe, Property Tree, Console, Eagle and Aro. However with sites in Coolum Beach, Brisbane and Toowoomba we can still attend your office.
Let us do what we do well so you can focus on what you do well!
Agents must set up and maintain their trust account(s) in accordance with the following Act and Regulations:
The Qld Office of Fair Trading is the responsible Government Department for administering the applicable legislation, licensing and registration for Agents.
OFFICE OF FAIR TRADING TRUST AUDIT REQUIREMENTS
All Agents in Queensland who open or operate a Trust Account must appoint an auditor within one month of opening a trust account and notify the Office of Fair Trading within a month of making the appointment.
For each audit period, auditors will:
inspect and audit the agent’s trust accounts
make an audit report for the agent for the audit period
make two unannounced examinations of the agent’s trust account records if the agent is an agent for the whole of the audit period
make one unannounced examination of the agent’s trust account records if the agent is an agent for less than the whole audit period, but more than six months of the period.
A licensed agent’s first audit period will end on the last calendar day of the eighth month after their licence was issued. For example, if their licence was issued on 17 January, their first audit period will end on 30 September of that year.
Do you need an agent trust account auditor? Please contact us to discuss your requirements and obligations.