Real Estate Trust Audit - Simeoni

Real Estate Audit

Real Estate Trust Audit Services for Australian Agencies

Simeoni is the trusted choice for real estate trust audits in Sydney, specialising in delivering precise, compliant, and efficient auditing solutions for trust accounts and strata funds across NSW.

With decades of experience, our team ensures your trust accounts meet all recognised auditing regulations, safeguarding your business while providing a transparent and accurate view of your financial operations.

Why Are Trust Account Audits Important?

Trust account audits are a legal requirement for real estate agencies managing client funds. These audits verify that your financial records comply with state-specific regulations and industry standards. Key benefits include:

  • Ensuring accurate financial records
  • Building trust with clients and stakeholders
  • Avoiding penalties for non-compliance
  • Demonstrating ethical financial management practices

At Simeoni, our audits go beyond compliance. We help you streamline operations, minimise risks, and maximise profitability.

What Sets Simeoni Apart for Real Estate Trust Audits in Sydney?

1. Tailored Expertise for Real Estate Agencies

Our auditors specialise in the nuances of trust account management, offering customised solutions to address the unique challenges faced by Sydney real estate professionals.

2. Adding Value Beyond Compliance

We don’t just audit your trust accounts—we provide actionable insights to improve your systems, reduce risks, and enhance operational efficiency. Our team identifies opportunities to optimise processes, helping you achieve long-term success.

3. Minimising Disruption to Your Business

We understand audits can feel disruptive. That’s why we adopt a collaborative approach to ensure our processes are seamless and cause minimal interference with your daily operations.

4. Reliable Support Year-Round

Our commitment doesn’t end with the audit report. We offer year-round advice and assistance, helping you stay ahead of regulatory changes and preparing you for future audits.

5. Fixed Pricing and Transparent Communication

We offer upfront, fixed pricing with no hidden costs. Our transparent communication ensures you’re always informed about the audit process.

Our Real Estate Trust Audit Services

Simeoni offers a comprehensive suite of auditing and compliance services for real estate agencies, including:

  • Trust Account Audits – Thorough examinations to ensure compliance with state legislation and industry best practices. We identify discrepancies and provide clear, actionable recommendations.
  • Regulatory Compliance Checks – Regular reviews to align your trust account processes with the latest legal requirements.
  • Risk Mitigation and Process Optimisation – Beyond auditing, we analyse your operations to suggest improvements that minimise risks and enhance efficiency.
  • Reporting and Representation – Detailed audit reports and representation with regulatory bodies, including NSW Fair Trading, to simplify compliance.
  • Ongoing Advisory Support – Continuous guidance to help you navigate complex trust account regulations and maintain compliance.

Why Compliance Matters for Real Estate Agencies

Failing to comply with trust account auditing requirements can result in severe consequences, including licence disqualification and penalties. With Simeoni, you can:

  • Protect your business’s reputation
  • Build client confidence
  • Ensure financial transparency and accountability

All NSW real estate agencies must complete trust account audits by 30th September each year. Don’t risk non-compliance—partner with Simeoni for peace of mind.

Frequently Asked Questions

Who needs a trust account audit?

All real estate agencies and property managers in Australia managing client funds in trust accounts are legally required to conduct annual audits.

What happens if discrepancies are found during the audit?

If discrepancies are identified, we provide clear recommendations to address them and support you in implementing corrective measures.

How do I prepare for an audit?

Our team will guide you through the preparation process, outlining the documents and records required for a smooth and efficient audit.

Contact Simeoni for Your Trust Audit Needs

Your clients are your priority, and your business’s financial health should be, too. Let us handle your real estate trust audits so you can focus on serving the people who matter most.

Have a problem with your Real Estate Audit? Contact us today for a fixed price quote.

Useful Forms

Unclaimed Money

Trust Account Audit Checklist

Latest Property Stock and Business Agents Regulation

Notice of Opening and Closing a Trust Account

Unique Identifying Number

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?
  • a licensee
  • a former licensee, or
  • a personal representative of a licensee.
  • NSW Fair Trading requires an audit to be conducted each year for the financial year ending 30 June.
Relevant information Refer to NSW Fair Trading for further information Click Here

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