Attorneys and estate agents: mitigating material risks around trust accounts

  • Presenter: Thomas Makupo CA(SA)
  • Level: Advanced
  • Study time: 2 hours
  • Date: 6 July 2023
    08:00 - 10:00
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Course overview
When it comes to the audit of attorneys and estate agents, there is an aspect of public accountability that should not be overlooked during these engagements. There are unique challenges for the auditor of such clients, especially with regard to the trust accounts that should be maintained and opinions expressed on such by the external auditor. It is always a good idea to stay abreast of developments affecting the engagements we perform as professionals. This is such an opportunity.

Join us for this session in which we provide an overview of the unique aspects that are up for consideration when auditing attorneys’ and estate agents’ trust accounts, and how the risks can be properly mitigated. In completing this activity, you will be developing the following professional competencies:
• Main competency group: Enabling and future competencies
• Sub-competency group: Decision-making acumen
• Specific competency/ies: Professional skepticism; Critical thinking; Judgement
• Main competency group: Technical competencies
• Sub-competency group: Compliance
• Specific competency/ies: Laws and regulations
• Main competency group: Technical competencies
• Sub-competency group: Assurance and related services
• Specific competency/ies: Assurance engagements; Quality assurance; Audits of historical financial statements

What's included?

  • Live event
  • Slide deck
  • Certificate of completion

Trust accounts

Link with the SAICA Competency Framework

  • Main competency group: Enabling and future competencies
  • Sub-competency group: Decision-making acumen
  • Specific competency/ies: Professional skepticism; Critical thinking; Judgement

• Main competency group: Technical competencies
• Sub-competency group: Compliance
• Specific competency/ies: Laws and regulations

• Main competency group: Technical competencies
• Sub-competency group: Assurance and related services
• Specific competency/ies: Assurance engagements; Quality assurance; Audits of historical financial statements