Course Recording
Property Practitioners Trust Audit Report & Agreed Upon Procedures Engagements AUP on Trust Accounts
Recording Link Price: |
Firm/Group/Company - R1633.00 (VAT Incl.)
Individuals - R540.50 (VAT Incl.) |
Recording Link Price (MLU Subscriber): |
Firm/Group/Company - R1224.75 (VAT Incl.)
Individuals - R408.25 (VAT Incl.) |
Presenter: | Mr Tristan White |
CPD Hours: | Attending the course and successfully completing the post-assessment, will grant you 2 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed. |
Platform: | Web Based (Online) |
Course Facilitator: |
Tristan White
T: 0118861395 E: gillian@probetatraining.co.za |
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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