Other services - Property Practitioners
Property practitioners are required to audit their business accounting records and trust accounts in terms of the Property Practitioners Act and submit the audit report on the trust accounts to the Property Practitioners Regulatory Authority (PPRA).
There is an exception on the audit of business accounting records, where these records will only be subject to an independent review if the revenue is below R2.5 million and the property practitioner complies with the Companies Act requirements on the performance of an independent review. Should the property practitioner hold an PPRA exemption letter on the trust accounts, no audit will be required.
Due to the various compliance considerations within this Act, we also assist our clients in understanding and navigating the relevant requirements to ensure appropriate compliance.