Welcome to
ESTATE AGENTS TRUST AUDITORS ONLINE

More than 10 years experience in the Trust Auditing & Advisory sector

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Who we are

We are a national professional services firm of registered auditors with Independent Regulatory Board for Auditors (IRBA) who specialises in Estate Agents Trust Accounts Audit services and we are proudly a level 1 BBBEE contributor.

The company is owned and managed by an impeccable team of young professionals with a combined experience of more than 10 years in the audit and advisory sector.

Mission

Our mission is to provide a cost effective and sustained quality Estate Agents Trust Accounts Audit services to our clients wherever they are located in South Africa.

Vision

Our vision is to become the leader in providing value adding Estate Agents Trust Accounts Audit services.

More than 10 years in the audit and advisory sector

What We Do

Estate Agents Trust Account ENGAGEMENTS

Regulator: EAAB
We perform a reasonable assurance engagement on whether the Estate Agents trust accounts were maintained, in all material respects....


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Our Services

We perform a reasonable assurance engagement on whether the Estate Agents trust accounts were maintained, in all material respects, in compliance with Sections 32(1), (2) and (3) of the Estate Agency Affairs Act, No. 112 of 1976 (the “Act”), and report our conclusion thereon together with any instances of non-compliance that came to our attention.

We are also required to report on certain additional matters of compliance with other Acts and report on certain information extracted from the accounting records.

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Overview of Attorneys’ Trust Accounts 

Every estate agent shall open and keep one or more separate trust accounts, which shall contain a reference to this section, with a bank and such estate agent or his or her employee, as the case may be, shall forthwith deposit therein all trust money held or received by or on behalf of such estate agent and the name of such bank and the number of each such trust account shall forthwith be notified to the board.

Any estate agent may invest in a separate savings or other interest-bearing account opened by him with any bank, building society or any institution or class of institution designated by notice in the Gazette by the Minister in consultation with the Minister of Finance, any monies deposited in his trust account which are not immediately required for any particular purpose.

Every estate agent shall keep separate accounting records of all monies deposited by him in his trust account and of all monies invested by him in any savings or other interest-bearing account.

Any auditor who does an audit shall forthwith after completing such audit, transmit to the board a report in the form from time to time determined by the board, in regard to his findings, and a copy thereof to the relevant estate agent. 

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Audit submission to EAAB

Here’s the list of minimum documents to be submitted to EAAB

Auditor’s report

Audit Confirmation Letter

Audited Financial Statements

IT3b Certificates

Our Pricing

Estate Agents Trust Accounts Audit for your firm from only

Opening audit report

R 2 875 vat incl.

(first four months)

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Annual audit report

R 5 750 vat incl.


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Closing audit report

R  4 600 vat incl.


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Accounting Services

R  575 p/m vat incl.


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Audit requirements per The Act


Annual audit report

For agency firms submitting the normal annual audit report

Winding up audit report

For agency firms deregistering during a financial year.

Duty of estate agent to keep accounting records

Every estate agent shall in respect of his activities as such -

A. keep in one of the official languages at an address in the Republic such accounting records as are necessary fairly to reflect and explain the state of affairs -

i) of all moneys received or expended by him, including moneys deposited to trust account referred to in section 32(1) or invested in a savings or other interest-bearing account referred to in section 32(2)(a);

ii) of all his assets and liabilities; and

iii) of all his financial transactions and the financial position of his business;

B. cause the accounting records referred to in paragraph (a) to be audited by an auditor within six months after the final date of the financial year of the estate agent.

The auditor is required to confirm whether he/she has performed an audit of the following accounting records, as required by section 29(b) of the Estate Agency Affairs Act, 112 of 1976:

A. All moneys received or expended by the estate agent, including moneys deposited to a trust account referred to in section 32(1) or invested in a savings or other interest-bearing account referred to in section 32(2)(a);

B. All of the estate agent’s assets and liabilities; and

C. All of the estate agent’s financial transactions and the financial position of the estate agent’s business. 

Trust audit reports due dates for the year ending 2022

The applicable due dates are provided in the table below.
Firms are encouraged to engage their external Auditors as early as possible,
to ensure timeous submission of the reports to the Society. 

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Contact Us

21 Ismini Office Park
Hillary Street, Polokwane
Limpopo Province
South Africa ,0699

P: 087 012 5923 (Enquiries)
E: info@trustauditorsonline.co.za

Office Hours

Monday - Friday : 8am - 5pm
Saturday : 8am - 1pm