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Whose auditor is required to annually submit an audit report on trust accounts?

FAQ
Industry
Auditor Is Required To Annually Submit An Audit Report On Trust Accounts
Author
The Property Practitioners Regulatory Authority (PPRA)
The Property Practitioners Regulatory Authority (PPRA) primary mandate includes, among others, regulating the affairs of all property practitioners; allowing for transformation in the property sector and to ensure consumer protection against undesirable practices and conduct of property practitioners.

Only auditors of business property practitioners that do not have the PPRA-issued trust account exemption letter as shown are required to annually submit an audit report on the trust account to PPRA on the Auditors Portal

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Industry FAQ Guide
Who is required to have their annual financial statements independently reviewed?
Who qualifies to do an independent review of financial statements?
What is the function of the PPRA?
How do you apply for a trust account exemption if you are an existing property practitioner who does not need a trust account and does not want to mandate a payment processing agent?
Do I need to apply to the PPRA to have an independent review of my financial statements, instead of an audit?
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