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#audit

What Real Estate Agencies Must Do to Comply with AML/CTF Laws

2026-02-27T09:16:39+10:00

From 1 July 2026, Real Estate professionals will face significant new compliance obligations under updated anti-money laundering and counter-terrorism financing (AML/CTF) legislation. These reforms recognise that property transactions can be used to conceal illicit funds and place responsibility on agencies to actively manage this risk. Why the Changes Matter Real Estate has long been considered a high-risk sector for financial ... read more >>

What Real Estate Agencies Must Do to Comply with AML/CTF Laws2026-02-27T09:16:39+10:00

Monthly Trust Account Checks: What Licensees & Officers in Effective Control Should Review

2026-02-27T09:09:06+10:00

For Licensees and Officers in Effective Control, your Trust Account is one of the most critical areas of responsibility in your business. It is also one of the most closely scrutinised by regulators and auditors. A structured monthly review within your trust accounting software is essential — not only for compliance, but to ensure your agency is actually recovering the fees it has earned. Here are ... read more >>

Monthly Trust Account Checks: What Licensees & Officers in Effective Control Should Review2026-02-27T09:09:06+10:00

Checklist for Real Estate Agencies – Are You Meeting Your New Fair Work Act Obligations?

2025-12-11T13:12:52+10:00

Checklist for Real Estate Agencies – Are You Meeting Your New Fair Work Act Obligations? With recent amendments to the Fair Work Act 2009 (Cth) now in effect, it’s essential for real estate agency owners and managers to ensure compliance with the latest workplace requirements. Here’s a practical checklist, in true End of Month Angels style, to help you determine ... read more >>

Checklist for Real Estate Agencies – Are You Meeting Your New Fair Work Act Obligations?2025-12-11T13:12:52+10:00

Getting in Top Trust Accounting EOFY Shape

2020-05-27T12:07:43+10:00

We are officially in the lead up to the End of Financial Year (drumroll). This trust accounting EOFY leadup has been unlike any other we have seen in our lifetime. With the impact of COVID still too fresh, throwing EOFY into the mix might be enough to tip some over the edge. So we want to step in and help ... read more >>

Getting in Top Trust Accounting EOFY Shape2020-05-27T12:07:43+10:00

EOFY Preparation Checklist

2020-05-15T12:25:06+10:00

Time to Get Your Ducks in a Row As we have all been caught up in everything COVID, End of Financial Year has well indeed crept right up on us. In response, this month's theme is EOFY and audits in preparation for the month ahead. As before you know it, June 30 will be knocking on the door and demanding ... read more >>

EOFY Preparation Checklist2020-05-15T12:25:06+10:00

Responding to Fair Trading Over a Trust Breach

2019-11-26T00:05:27+10:00

Trust Breach. Fair Trading. Two simple phrases that are enough to send most agents into a panicked frenzy. Yet, similarly, like calls from the ATO, there is a rhyme and reason. Fair Trading has the purpose to ensure that agents are doing the right thing. That members of the public are not being disadvantaged financially as a result of a ... read more >>

Responding to Fair Trading Over a Trust Breach2019-11-26T00:05:27+10:00

Top 4 Common Receipting Errors

2019-11-08T03:37:34+10:00

Please Explain... This year, more than ever, we are seeing Fair Trading follow through on agents with qualified audits with a polite, 'please explain'. At the EOMA office, we come across common receipting errors which are at the heart of these qualified audits. One of the biggest and most frequent receipting error, is the timing between receiving and the receipting ... read more >>

Top 4 Common Receipting Errors2019-11-08T03:37:34+10:00

Sales Only Agencies – Reconciling and Trust Accounts to Avoid a Breach

2019-08-22T03:00:17+10:00

We have a list of wonderful clients who are sales only agencies. No rent rolls. On top of that, some only have a handful of transactions a year. So with this in mind, we often get asked 2 questions: 'Do I really need trust accounting software?' 'How often do I need to reconcile?' The answer to question #1 is simple. ... read more >>

Sales Only Agencies – Reconciling and Trust Accounts to Avoid a Breach2019-08-22T03:00:17+10:00

Top Audit Breach of 2019 and How to Avoid it

2019-08-19T05:05:35+10:00

The Time When You Don't Want to be #1 Each year we see trends come and go in the world of Trust Accounting. One month, it may be issues with cloud-based software migrations or reconciliations. The next, it may be keeping up with compliance or an increased prevalence of internal fraud. The regular theme for the month just gone was ... read more >>

Top Audit Breach of 2019 and How to Avoid it2019-08-19T05:05:35+10:00

5 Ways Cloud Technology Can Prevent Internal Fraud

2019-07-11T22:09:46+10:00

Banish Internal Fraud from your Office With the advances that technology provides, unfortunately with it comes the possibility of online fraud. Online trust account fraud can occur both by someone outside of the organisation without access to the trust account, and internally. As much as we would like to think this will never happen, the reality is that it does. ... read more >>

5 Ways Cloud Technology Can Prevent Internal Fraud2019-07-11T22:09:46+10:00
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