Available Course
Property Practitioners - Trust Audit Report & Agreed Upon Procedures AUP Engagement on Trust Account
>> Click here to book this training as an In-House course <<
| Duration: | 2.00 |
| CPD Hours: | Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
| Course Facilitator: |
Tristan White
T: 0118861395 E: gillian@probetatraining.co.za |
| Back | |
In March of 2023, IRBA published a brand new trust account assurance report template for auditors of a property practitioner’s trust accounts.
The new template features additional audit procedures to be carried out, addressing compliance of a property practitioner’s trust accounts with the Property Practitioners Act and Regulations.
Not only that, but the template also introduces two additional agreed-upon procedures engagements to be conducted on the trust accounts / trust accounting practices of the property practitioner.
• Introduce the new IRBA template trust audit report
• Simplify the contents of the trust audit report, looking at Part A and Part
B
• Identify what procedures are to be carried out on the trust accounts as
part of the compliance audit
• Identify what is required of the auditor as part of the two agreed-upon
procedures engagements and what the AUP procedures look like
• Discuss the need for engagement letters and where findings are to be
communicated (i.e., through reports)
• Briefly point out two further template reports issued by IRBA related to
trust accounts audited by Payment Processing Agents.
Auditors
Engagement Quality Control Reviewers