Buy Rent Sell Advice Tools
More

Who qualifies to do an independent review of financial statements?

FAQ
Industry
Who Qualifies To Do An Independent Review
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.

1. A Registered Auditor, if the business property practitioner does not have a trust account exemption letter; or

2. A Registered Auditor or Chartered Accountant, if the business property practitioner is a company with a trust account exemption letter and its Public Interest Score (PIS) is 100 or above; or

3. A Registered Auditor, Chartered Accountant or any person qualified to be an accounting officer of a close corporation, if the business property practitioner has a trust account exemption letter and is a company with PIS of below 100 or is not a company

Property questions?
Get quick answers about buying, selling, renting, and more from our AI powered real estate bot
Industry FAQ Guide
What is the function of the PPRA?
Who is the EAAB?
Who is required to have their annual financial statements independently reviewed?
Do managing agents have to comply with the regulated real estate agent education?
Whose auditor is required to annually submit an audit report on trust accounts?
Explore more Industry FAQ's
Real Estate Tools
Get pre-qualified
Make offers with confidence knowing what you can afford. Then shop for the best home loan
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments