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
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...
Post-audit debrief: How to review your year-end financial audit
Audits are costly and time-consuming exercises, so it’s important to review your audit results to ensure...
How can my business prepare for a financial audit?
Audits are time-consuming and costly events for businesses and organisations, however preparing for an...
Audit advantage: How an LDB director-initiated audit gives your business the edge
Companies big and small can benefit from a director-initiated audit, especially when an experienced audit director is in charge.
Are your auditors asking the right questions? How to audit your auditors
The primary purpose of an audit is to form an opinion as to whether the financial statements of a company...
What are the benefits of an audit for a small or medium enterprise (SME)?
While public companies and large proprietary companies are legally required to have their financial statements...
Why a strong financial audit can secure more tender wins
Whether you’re bidding for a government tender or a private sector tender, you want to do everything...
What you need to know if the ATO contacts your business for an audit
If you are contacted by the Australian Taxation Office (ATO) for a financial audit, try not to panic.
If...
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