APES 310 Dealing with Client Monies relates to monies coming into control of a Member in Public Practice (the Member) which are the property of a client to which the Member has no present entitlement. The Member may deal with client monies through a trust account or a client’s bank account. Members who hold a certificate of public practice of IPA, CPA and CAANZ are able to undertake a trust account audit for another accountant.
We at S & H tax Accountants offer comprehensive audit service for accountants’ trust accounts at very reasonable price. We provide this service remotely and to all around Victoria. Final report will be delivered to you within a week after receiving all the information. This will complete your business obligation under APES310 https://www.apesb.org.au/uploads/standards/apesb_standards/13092014110922p6.pdf
The fee for the Audit cannot be paid from Trust account.
A real estate agent must have its trust accounts audited each year within three months after 30 June by an approved auditor.