Revolutionising the Real Estate Trust Account Auditing Process

Over the years we have observed a number of organisations who have revolutionised a particular industry and have become leaders. This is something we at Simeoni & Co have strived to achieve over 20 years ago.

We are the largest Real Estate Trust Account Auditors in NSW and Australia. Because of this, we are able to take the mundane task of real estate trust account auditing and drive down the costs, whilst maintaining the expected level of quality assurance in the process.

Through the process of streamlining our systems and developing our specialised programs for the various state jurisdictions, we at Simeoni & Co have lead the way in trying to make the audit process as painless as possible, while adding value in assisting clients in advising on how to improve their record keeping.

Relationships Are What We Do

This is one of the main reasons Simeoni & Co has established a strong professional relationship with Jane’s End of Month Angels. Jane’s business has revolutionised the way real estate agents are able to comply with trust account record keeping. It provides a more efficient and stress free option.

Over the years we have seen a number of competitors attempt to simulate our systems, with varying degree of success. We at Simeoni welcome competition as it drives us to keep improving our services. But when the main competitive advantage is price – “Buyer be Aware”.

Always Look for Quality

Being a Registered Company Auditor, we are scrutinised by CPA Australia and ASIC. Our programs are audited and Professional Indemnity Insurance is constantly being reviewed, to ensure our clients are protected. Where price is the only competitive advantage, one needs to ask the following questions:

  • Do professional bodies and government departments regularly audit their programs?
  • Will their Professional Indemnity Insurance cover you if there is a problem?
  • Do they outsource part or all the work to other parties (overseas)? Do you have permission from your clients to do so?
  • Will your trust account record keeping stand up to the scrutiny of auditors of Fair Trading?
  • Will the audit company still be there if various government organisations undertake an investigation?

These are just some of the questions that arise where people sacrifice quality for quantity. This is no different from any business that attempts to take an unfair advantage by cutting corners. Real Estate Agents are more than aware of this. Speaking to Jane, it is a common experience.  Clients engage another party to only find out the mess will cost far more than if they went with a reputable organisation.

Buyer be Aware!