Trust Account Audits



Biz 1 Accounting provides independent audit & assurance services to our clients. In today’s ever changing regulatory environment, companies are under constant pressure to accurately report and disclose financial information to stakeholders.


Our clients include

Settlement Agents, Real Estate Agents, Legal Practices, Accounting Practices, Strata Companies, Aged Care, SMSF.

Any company or organisation that operates trust accounts in which client or customer funds are held in trust, must abide by certain rules and regulations. This includes having each account audited on an annual basis by a Registered Company Auditor.

Biz 1 auditors have more than 30 years of experience in this important and complex work and can provide independent assurance on the operation of your trust accounts.

We are pleased to offer a comprehensive and confidential auditing service to:

  • Review your practices and procedures.
  • Identify potential issues with your trust account.
  • Provide you with the necessary assurance report. 


We provide audit service at fixed prices, with no hidden or additional charges subject to certain conditions.

We utilise best practice approach and with our experience in auditing trust accounts, we are able to employ the most efficient procedure with the value added services to achieve savings to your business.  

By listening to the needs of our clients we develop an audit plan that delivers more than just the traditional external audit opinion on the financial statements.

We provide a personalised audit service, where our Principal Auditor has hands on involvement in every audit we conduct, providing our clients with confidence that all aspects of the audit will be conducted according to the highest quality standards.

Ethical standards, confidentiality and independence are distinct features of our service, whilst we maintain the highest standards of practice, through a process of selective recruitment, supervision, training and, where appropriate, membership of the relevant professional bodies.


Audit of financial reports

We conduct statutory audits for clients requiring an audit under the Corporations Act 2001, or other relevant legislation. We are able to provide audit services to the following:

  • Private Companies
  • Unlisted Public Companies
  • ASX Listed Public Companies (Outside the top 100)
  • ASX Listed Public Companies – Half Year Reviews
  • Trusts
  • APRA Regulated Superannuation Funds
  • Self Managed Superannuation Fund Audits
  • Not For Profits, Charities & Incorporated Associations

Other audit & assuarance services

  • Small Public Entity Audits
  • Real Estate Trust Account Audits
  • Solicitors Trust Account Audits
  • Due Diligence Audits & Investigations
  • Company & Business Valuations
  • Pre Purchase Investigations


Maintaining Auditor independence is critical to Biz 1 Audit & Assurance, where we have developed strong policies and procedures to identity and resolve potential conflicts in accordance to APES 110 – Code of Ethics for Professional Accountants and the Corporations Act 2001.