Assignment Task
Task
You are to investigate the Policies and Procedures regarding trust accounts in your office and report own on the following: –
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1. What are the procedures staff must follow wh n trust monies are received?
2. What documentation is required by the authorising party in order for them to proceed with authorisation?
3. When does the licensee in charge undertake reconciliations in your organisation? How often do this occur and how do these reconciliation ensure compliance with legislative requirement?
4. Who is responsible in the office for ensuring trust account records are accurate and up to date’?
5. How would discrepancies be identified and p omptly managed in your agency? Who must these be reported too?
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