Estate Agent Trust Audit

Accuracy and Precision with every engagement


Summary Of Our Estate Agent Trust Audit Services

Every Estate Agent that is entrusted with third-party funds is required to have an Estate Agent Trust Audit.  This is a requirement of the Estate Agency Affairs Board as well as the Estate Agency Affairs Act.

When Trust money is paid to an Estate Agent this is required to be held in trust and is to be kept in trust until the Estate Agent is legally entitled to it, or is instructed to make payment therefrom to any person.

The following additional requirements are required of Estate Agents:

  • Every Estate Agent is to open and keep one or more separate trust accounts
  • Accounts shall contain a reference to the specific section of the act
  • Estate Agents or their employees are to deposit all trust money held or received therein
  • The EAAB is to be notified of all accounts

The trust and business accounts/records are to be audited annually within 4 months of the financial year-end, and a report confirming this is to be submitted to the EAAB by the appointed Auditor.

Spec Savers

What Our Estate Agent Trust Audit Include

You will be assigned a dedicated auditor/accountant to assist with all your audit and assurance needs.

CFO360 offers comprehensive Estate Agency Trust Audit services as well as ancillary financial advice and guidance to Estate Agents.

We’ll help you with the accounting and bookkeeping that you don’t have the time or expertise to do, while you focus on your business. As your Accountant, we are able to give you a better, more value-focused service, while time saved on administrative queries will be better spent on value-adding activities. 

Learn more about our Accounting Services

CFO360 will assist you with the preparation of Financial Statements on an annual basis. As the manager or owner of an entity you will need financial statements for filing annual tax returns to SARS, the annual company returns to the CIPC, as well as to secure any financing.

Learn more about our Annual Financial Statements

Our services include the training and ongoing support of your accounting system for you and your staff. Your dedicated accountant will also do frequent reviews of the system. Both you, your staff and your accountant have always-on access to your systems from anywhere, on any device with an internet connection. The systems we use are all open to other systems to ensure you don’t need to change as your company expands or requires a different function. 

Learn more about our Systems and Software.

As a value-added service, CFO360 bundles taxation services you may need with your current monthly accounting services to offer the entire spectrum to you as a client. 

Learn more about our Tax Services

CFO360 can assist with all your Payroll Services needs.  While paying staff is an important function, this can be a time consuming regular task.  CFO360 can offer small to medium-sized entities and business owners a professional approach to this sensitive cycle. In addition, we will take care of all the related legislative requirements and ensure the necessary deadlines are met. 

Learn more about our Payroll Solutions

With the use of our cloud accounting software and processes we can equip your business to run from virtually anywhere. Our systems allow you to invoice from any device and your supplier invoices/slips can be captured as easy as taking a picture to be automatically processed. This allows your accounting records to stay as up to date as possible and provide you with a real-time reporting experience to make critical business decisions. 

Learn  more about our Reporting Functions

Some Of Our Software Partners

Our software partners are all used to increase efficiency, automate processes and enhance the performance of your finance department so you can out perform your competition.

Xero Accounting Software Logo
Simplepay Payroll Software
Receipt Bank Logo
YOCO POS Systems
DEAR Inventory Systems
Asana Logo
Futrli Logo

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We'll respond within one day with a consulting call on us. We can communicate over emails too if you prefer.

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