Simeoni & Co has been auditing our Trust Accounts for over 6 years. Their professionalism, attention to detail and efficiency has allowed our office to keep in line with OFT requirements and ensuring a clean record. We will continue to use Simeoni & Co services in the future and recommend them to any real estate office no matter how big or small – our first audit in 2004 was for 38 properties…..Mark Callil Principal of Exclusive Real Estate, Concord
Real Estate Audit
Simeoni is NSW’s largest specialist in real estate trust account auditing and has been for more than two decades.
As real estate accountants; Simeoni is proud of delivering an excellent, non-fuss and straightforward audit service customised to the needs of real estate agents as follows;
-
Upfront & fixed pricing
-
Value for money
-
Helping you to avoid future breaches
-
Minimal disruption to your business
-
Immediate feedback and status updates
-
Friendly specialist team
-
Highly acclaimed and efficient audit process
-
Lodgement on your behalf by the due date
-
NSW Fair Trading representation
-
Peace of mind
It is compulsory for real estate agents to have records audited in relation to the handling of trust money. Licensees could be disqualified from holding a licence and possibly prevented from renewing a licence if the audit is not conducted by the 30th September of each year.
Have a problem with your Real Estate Audit? Contact us today for a fixed price quote!
Useful Forms
Latest Property Stock and Business Agents Regulation
Real Estate Application of Licence for a Corporation
| NSW Fair Trading Trust account audit requirements |
Under the ’Property Stock and Business Agents Act 2002’, licensees records in relation to the handling of trust money must be audited by 30th September each year. |
|---|---|
| Who requires an audit? |
|
| Relevant information | Refer to NSW Fair Trading for further information Click Here |
Related articles
Proposed Changes to the lodgement of NSW Real Estate Trust Account Audits 2019
Clarification of New Real Restate Laws
2018 Trust Accounting Reforms – What to Expect
Simeoni Christmas Newsletter
The grim reality of cyber theft
Tax ‘safe harbour’ for inherited property. This and more on the Simeoni September News Update
