VIC – Accountant’s Trust Accounts

A1 Audits > VIC – Accountant’s Trust Accounts

General information

Victorian accountants who operate a trust account are required to comply with APES 310 Dealing with Client Monies and have their trust accounts examined by an approved auditor annually. The applicable year end date is 31 March for accounts opened pre 1 July 2011, or 12 months from the month end following the opening of the trust account for those opened post 1 July 2011. The audit report is required to be completed within 3 months of the applicable year end. Although unqualified reports are not required to be lodged, they must be maintained.

 

Key details

Audit Period: The applicable year end date is 31 March for accounts opened pre 1 July 2011, or 12 months from the month end following the opening of the trust account for those opened post 1 July 2011.

Audit Due Date: within 3 months of the applicable year end.

Audit Report submitted to: Unqualified audit reports are not required to be lodged.

 

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 Fees page.

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.