Conveyancer Trust Account Audit – Victoria
💲 From $599 + GST See pricing
Licensed conveyancers in Victoria must have their trust records audited by an approved auditor each financial year. UV TAX provides independent, on-time trust account audits so you can lodge your report and keep your licence in good standing.
✔ Approved auditor – IPA member✔ From $599 + GST✔ Onsite or remote audit
Who needs a conveyancer trust account audit?
If you are a licensed conveyancer in Victoria and hold or manage trust money, your trust records generally need an annual audit by an approved auditor.
- Licensed conveyancers and conveyancing businesses
- Conveyancing firms with one or more trust accounts
- Conveyancers changing auditors – you don’t have to use the same auditor every year
When an audit may not be required
- You only received transit money during the audit period
- Your trust account did not hold or manage trust funds for the whole audit period – but you must still confirm this through myCAV
Our approved auditor
Under Victorian requirements, the auditor must be a member of CPA Australia, the Institute of Public Accountants (IPA) or Chartered Accountants ANZ, meet the requirements to practise as a public accountant, and hold a degree in commerce, accounting, business or a similar discipline. Our auditor, Kirti Singla, is an IPA member who meets these requirements.
What our audit includes
- Planning the audit and agreeing a fixed fee
- Reviewing trust account records, receipts, payments, ledgers and reconciliations
- Testing compliance with the Conveyancers Act 2006 (Vic) and Regulations
- Preparing the Independent Assurance Report to the Licensed Conveyancer
- Clear feedback on any issues and how to fix them
Your obligations – key points
Annual audit
Trust records audited by an approved auditor each financial year.
Lodge within 10 business days
Lodge the audit report through myCAV within 10 business days of receiving it. Penalties apply and your licence can be suspended.
Keep records 7 years
Trust records must be kept in a permanent form for at least 7 years.
Irregularities
By law, an auditor must report to the Director of Consumer Affairs Victoria as soon as practicable if they become aware of a trust account deficiency, a failure to pay or deliver trust money, or another breach of the Act or Regulations. The auditor must also report if the trust records cannot be properly audited. Keeping clean, up-to-date records is the best way to avoid problems.
⚠️ Important – please read. This page is general information only and is not legal advice. Conveyancers are responsible for their own compliance with the Conveyancers Act 2006 (Vic), the Conveyancers Regulations and any requirements of Consumer Affairs Victoria and the Business Licensing Authority. Requirements can change – please check your current obligations. Our engagement is an independent assurance engagement under the applicable Australian standards. We are required by law to report certain irregularities to the regulator. To keep our independence, we cannot audit trust records that UV TAX prepared or maintained. Every engagement is subject to our acceptance and a signed engagement letter. Lodging the audit report on time is the conveyancer’s responsibility.
How it works
Free quote
Tell us about your trust account and transaction volume.
Engagement letter
We confirm scope, timing and a fixed fee.
Audit
Send records securely online or we visit your office.
Report
We issue your Independent Assurance Report, ready for you to lodge.
Book your conveyancer trust account audit
Independent, on-time audits for Victorian conveyancers. From $599 + GST – fixed quote before we start.
0466 268 405Frequently asked questions
Who can audit a conveyancer’s trust account in Victoria?
The audit must be done by an approved auditor – a member of CPA Australia, the Institute of Public Accountants or Chartered Accountants ANZ who meets the requirements to practise as a public accountant and holds a relevant degree. Our auditor is an IPA member who meets these requirements.
How often is a conveyancer trust account audit needed?
Each financial year, unless the Director of Consumer Affairs Victoria has agreed otherwise.
Do I need an audit if I only received transit money?
Generally no. An audit is not required if you only received transit money during the audit period.
When do I lodge the audit report?
You must lodge the Independent Assurance Report through myCAV within 10 business days of receiving it from your auditor.
Can you audit my trust account if you also do my bookkeeping?
No. To stay independent, we cannot audit trust records that we prepared or maintained. We can still help with your tax and BAS.
How much does it cost?
Conveyancer trust account audits start from $599 + GST. The final fee depends on the size of your practice and number of transactions – we give you a fixed quote before we start.
Related services
General information current as at November 2026. Requirements may change – contact us for a quote and to confirm your obligations.