Helpful tips

Where can I find the audit report of an estate agent?

Where can I find the audit report of an estate agent?

According to section 32 (4) of the Estate Agency Affairs Act, the auditor’s report on the trust accounting records is to be submitted to the EAAB by the auditor of the estate agent in the form from time to time determined by the EAAB.

Can a real estate agent be a statutorily appointed Auditor?

When approached by agents to be the statutorily appointed auditor, auditors are advised to exercise due diligence as to the agent’s financial ability to meet auditing fees. The statutory reporting requirements for auditors of real estate agents and business agents are set out in sections 70, 72 and 79–81 of the REBA Act.

Where to submit auditors report in South Africa?

The form of submission currently determined by the EAAB is for the auditor’s report to be submitted online through the MyEAAB Auditors Portal accessible via the EAAB’s website at http://www.eaab.org.za/myaudit.

Can a trust be audited by an estate agent?

Yes. The audit requirements for the trust and business accounting records apply to all legal forms of business under which an estate agent performs estate agent activities, and a sole proprietorship is no exception. Who must perform the audit of an estate agent?

According to section 32 (4) of the Estate Agency Affairs Act, the auditor’s report on the trust accounting records is to be submitted to the EAAB by the auditor of the estate agent in the form from time to time determined by the EAAB.

When to use a sole source justification request?

A sole source justification request should only be submitted if a recipient determines that the award of a contract through a competitive process is infeasible. Sole source procurement should b e used only when competitive solicitation procedures like sealed bids or competitive proposals are not applicable to the requirements or are impracticable.

The form of submission currently determined by the EAAB is for the auditor’s report to be submitted online through the MyEAAB Auditors Portal accessible via the EAAB’s website at http://www.eaab.org.za/myaudit.

Yes. The audit requirements for the trust and business accounting records apply to all legal forms of business under which an estate agent performs estate agent activities, and a sole proprietorship is no exception. Who must perform the audit of an estate agent?