| Audit Period: | 1 July to 30 June |
| Audit Due Date: | Within 3 months after the expiration of each prescribed period |
| Audit Report submitted to: | Emailing report to [email protected] |
Key information:
A licensed agent shall ensure that the agent’s accounting records relating to trust moneys received and paid by the agent during the prescribed period are audited within 3 months after the expiration of each prescribed period. (Sect 59)
The audit period is the period of 12 months ending on 30 June in each year. (Sect 58)
The auditor must be a registered company auditor. (Sect 60)
As soon as is reasonably practicable after the completion of an audit pursuant to section 59, the auditor shall: (a) prepare a report of the result of the audit; and (b) deliver the report to the licensed agent and a copy of the report to the Board. (Sect 62)
Visit AGENTS LICENSING ACT 1979 for more information: