- All business property practitioners whose annual revenue is below R2,5 million may have their financial statements independently reviewed instead of having a full audit; or
- All business property practitioners who are in possession of a PPRA-issued trust account exemption letter and meets the Public Interest Score (PIS) in terms of the Companies Act for an independent review may also have their financial statements independently reviewed instead of having a full audit
1. The financial statements need to be independently reviewed within six months of the financial year-end of the business property practitioner;
2. The independently-reviewed financial statements DO NOT need to be submitted to the PPRA, but should be readily available if requested by PPRA or during an inspection