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.
Web Based (Online)
Tristan White
0118861395
gillian@probetatraining.co.za
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
