Client Money Audit

Property management or lettings company? Independent inspection of your client accounts for added assurance.

Since April 2019, property management companies or lettings companies have been legally required to hold client money in a separate client account and belong to a Client Money Protection scheme. For additional assurance, some property sector professional bodies, such as Propertymark, require the client account to be independently inspected each year.  This service is referred to as a “Client Money Audit” and is a service our Audit & Assurance team provide.

A client money audit typically requires us to examine your bank accounts, accounting records and internal controls, test those processes, reconcile your records with your client accounts and tenancy deposits held.

We are familiar with the reporting requirements of both Propertymark and Safeagents amongst others and can comply with any reporting requirements your chosen Money protection scheme require.