SECURITY AND INVESTIGATIONS AGENTS ACT 2002 - SECT 30 Audits
SECURITY AND INVESTIGATIONS AGENTS ACT 2002 - SECT 30
Audits
(1) A commercial agent who is required to maintain a trust account under section 28(1) must arrange for that trust account to be audited in accordance with this section within 2 months after 30 June in each year.Penalty: In the case of (a) a body corporate, 500 penalty units; and(b) a natural person, 100 penalty units.(2) An audit is to be carried out (a) by a person who is a member of any of the following:(i) the Institute of Chartered Accountants;(ii) the Australian Society of Certified Practising Accountants;(iii) the Institute of Public Accountants; and(b) in accordance with any requirements the Director determines relating to the matters to be covered.(3) A person conducting an audit is to issue a certified report of the audit in an approved form.