NT – Conveyancers’ Trust Accounts

A1 Audits > NT – Conveyancers’ Trust Accounts

General information

Persons who carry on business as a Business Agent, Estate Agent or Conveyancer in NT must do so in accordance with the Agents Licensing Act
The audit period is the period: The period of 12 months ending on 30 June in each year (Sect 58)
A licensed agent shall ensure that the agent’s accounting records relating to trust moneys received and paid by the agent during the prescribed period are audited within 3 months after the expiration of each prescribed period. (Sect 59)
The auditor must be a registered company auditor (Sect 60)
As soon as is reasonably practicable after the completion of an audit pursuant to section 59, the auditor shall: (a) prepare a report of the result of the audit; and (b) deliver the report to the licensed agent and a copy of the report to the Board. (Sect 62)

Visit Consumer Affairs NTfor more information.

 

Key details:

Audit Period: 1 July to 30 June

Audit Due Date: As soon as is reasonably practicable after the completion of an audit pursuant to section 59

Audit Report submitted to: The auditor must deliver a copy of the report to the agent and to the Board (Agents Licensing Board of the Northern Territory)

 

Our Service

We are qualified trust account auditors and can provide independent assurance on the operation of your trust accounts. Our professional team provides their auditing service in a timely and effective manner allowing your firm to fully comply with the regulations without unnecessary hindrance to your staff. Our experienced audit team will:

  • Review your practices and procedures.
  • Identify potential issues with your trust account.
  • Provide you with the necessary audit report.

 

Our Fixed Fee

We charge a fixed fee as per our Schedule of Feespage.

Utilising best practice approach and with our experience in auditing trust accounts, we are able to employ the most efficient procedure with the value added services to achieve savings to your firm.

Give us a call on 1300 007 673 to speak with one of our fully qualified trust account auditors and benefit from our experience.