On 3 October 2019, the Property Practitioners Act PPA was signed into law. An accompanying piece of legislation called the Property Practitioners Regulations is, in combination with the PPA, set to replace the Estate Agency Affairs Act once an effective date has been established.
This will mean that the following procedures will have likely been updated:
- The need for Fidelity Fund certificates,
- The handling of trust monies,
- The accounting / financial management requirements of an estate agency practice; and
- The audit requirements for an estate agent
This session focuses on the sections of the new Act and Regulations that influence the accounting and financial management requirements as well as the considerations around auditing.
- Taking an overall glance at the new Act and Regulations
- Highlighting the various aspects of the new legislation affecting the accounting / audit requirements / function
- Making a copy of the new legislation available
