A property practitioner audit consists of two parts: - Business records, and - Trust records. A trainee will need to understand how to approach the business records audit based on the new ISA 330 (Revised) requirements but also how to audit the trust account for compliance based on the IRBA 2023 trust audit report template which identifies the trust rules / procedures to be carried out. We will discuss the wider fieldwork / execution phase when auditing the business financial statements and will help trainees visualise how to approach the trust account audit by explaining the trust rules and providing illustrative trust audit procedures.