Real Estate Trust Account Audits Baulkham Hills NSW
Howard Ghedia Accountancy is a Norwest-based accounting firm providing specialist Real Estate Trust Account Audits Baulkham Hills NSW to real estate agents and agencies across the Hills District. As members of the Institute of Public Accountants (IPA), the team delivers qualified, independent audit expertise to help agents meet their obligations under the Property and Stock Agents Act 2002. Call 02 9899 5332 or visit the contact page to get started.
Real estate agents in NSW who hold or receive trust money must have their trust accounts audited annually. Missing deadlines or submitting incomplete records can lead to penalties, license suspension, or reputational damage. Howard Ghedia Accountancy serves the local area with audit services designed to keep your agency fully compliant.
What Our Real Estate Trust Account Audit Process Looks Like
- Initial consultation to confirm your audit period, account details, and prior compliance history.
- Document review, including bank statements, transaction ledgers, reconciliations, and receipts.
- Independent verification of trust fund entries against your cashbook and bank records.
- Preparation of a formal audit report for lodgment with NSW Fair Trading.
- Delivery of the completed report and guidance on areas to strengthen before your next audit cycle.
Why Choose Howard Ghedia Accountancy for Trust Account Audits?
IPA-Qualified and Independent: The firm holds active IPA membership, meeting statutory requirements for conducting trust account audits in NSW.
Local Knowledge, Personalized Service: As a long-established Hills District firm, the team understands local agency pressures and keeps communication simple and direct.
Audit-Ready Support: Beyond the annual audit, the team can help your agency maintain tidy records throughout the year so each audit period goes smoothly.
Broad Audit Expertise: Howard Ghedia Accountancy also handles SMSF auditing and accounting, sporting association audits, and government trust audits.
What Does a Real Estate Trust Account Audit Cover?
A real estate trust account audit covers verification of all trust receipts and disbursements, reconciliation of bank statements against ledger records, assessment of fund segregation practices, and review of withdrawal authorization documentation. The auditor also assesses compliance with the Property and Stock Agents Act 2002 and prepares a report for submission to NSW Fair Trading.
Who Needs a Real Estate Trust Account Audit in NSW?
Any licensed real estate agent or agency in NSW who holds or receives money on behalf of clients must arrange an annual trust account audit, covering residential sales and property management accounts. Reports are due by 30 September each year and must be lodged online with NSW Fair Trading. Always verify current deadlines with the relevant authority.
Book Your Trust Account Audit in Baulkham Hills Today
Howard Ghedia Accountancy makes Real Estate Trust Account Audits Baulkham Hills NSW simple, efficient, and stress-free. Call 02 9899 5332 or 0415 205 396 to confirm availability before the September deadline.