Thissession focuses on the obligation to remain up to date and compliant with thePPA and PPR. Every Property Practitioner Business should know how to meet theaudit and trust requirements.
ThePRACTICAL focus on:
WHOIS REQUIRED TO SUBMIT AN AUDIT REPORT ON TRUST ACCOUNTS ANNUALLY
· Audits vs an independent review
· Requirements
· Processes and timeframes
· Exemptions from having a trust account
· Types
· Withdrawal of exemption
· Role-players
TRUSTACCOUNT EXEMPTION & NON-EXEMPTED
· Categories
· Steps of the process
· Documentation
· Online Navigation and email addresses
· The process
· What is applicable to open/use of trust accounts compliance since PPA/PPR
· Interest in a trust account
· When lawfully entitled to payments
· Legal obligation
· Dates to keep in mind
AUDITREPORT
· Winding up audit report
· Submission
· Compliance Notices
· Re-submissions
· Winding up audit report
COMMONCOMMUNICATION ERRORS
· Inspection department
· Audit portal
· Registration department and FFC registrations
· Dept department