Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 36

36 Auditors—functions

(1) An auditor has the following functions under this division—

(a) to inspect and audit, in each audit period, the trust accounts of each agent by whom the auditor is engaged;

(b) to make an audit report for the agent for the audit period;

(c) if the agent is an agent for the whole of the audit period—to make 2 unannounced examinations of the agent’s trust accounts during the audit period;

(d) if the agent is an agent for less than the whole audit period, but more than 6 months of the period—to make 1 unannounced examination of the agent’s trust accounts during the audit period.

(2) An auditor must not make an unannounced examination of an agent’s trust accounts within 2 months after the last day of the audit period or another unannounced examination.