Mortgage Broker Trust Account Audit for Mortgage Brokers
Trust account audits for mortgage brokers. Fast turnaround, fixed pricing, and clear reports aligned with broker compliance audit, financial services audit, lender, and NCCP expectations.
- Where a trust account audit is required, it must be completed by a qualified, independent registered auditor.
- AuditsPro coordinates your audit with a registered auditor and manages the process end-to-end.
Reports aligned to NCCP expectations and lender requirements
8–15 day completion with prompt replies
Transparent fees with no hidden costs
Coordinated with qualified, independent registered auditors
What’s Included in Your Audit
Practical procedures and clear reporting designed for mortgage broker operations.
Monthly Reconciliation Review
Verification of trust ledger balances and bank reconciliations
Commission Handling
Testing of receipt, allocation, and distribution of commissions
Client Ledger Integrity
Sampling and validation of client ledgers and supporting records
Compliance Checks
Assessment against NCCP and lender documentation expectations
Clear Reporting
Concise findings, recommendations, and compliance certificate
Mortgage Broker Trust Account Audit Requirements by State
Comprehensive state-specific audit requirements for mortgage brokers across Australia. Our professional audit services are designed to meet NCCP obligations and ASIC regulatory guidance.
New South Wales (NSW)
NCCP — Australian Credit License (ACL)
ASIC — National Consumer Credit Protection Act 2009 (Cth)
$549 + GST
Multiple trust accounts: $549 + GST each
Annual audit required
Audit period: 1 July to 30 June
National Consumer Credit Protection Act 2009 (Cth)
Trust Account Provisions
Annual audit required for ACL holders handling trust funds and commissions.
Victoria (VIC)
NCCP — Australian Credit License (ACL)
ASIC — National Consumer Credit Protection Act 2009 (Cth)
$549 + GST
Multiple trust accounts: $549 + GST each
Annual audit required
Audit period: 1 July to 30 June
National Consumer Credit Protection Act 2009 (Cth)
Trust Account Provisions
Mortgage brokers must maintain compliant trust records and commission distribution logs.
Queensland (QLD)
NCCP — Australian Credit License (ACL)
ASIC — National Consumer Credit Protection Act 2009 (Cth)
$549 + GST
Multiple trust accounts: $549 + GST each
Annual audit required
Audit period: 1 July to 30 June
National Consumer Credit Protection Act 2009 (Cth)
Trust Account Provisions
Qualified auditor appointment for ACL holders managing client funds.
Western Australia (WA)
NCCP — Australian Credit License (ACL)
ASIC — National Consumer Credit Protection Act 2009 (Cth)
$549 + GST
Multiple trust accounts: $549 + GST each
Annual audit required
Audit period: 1 July to 30 June
National Consumer Credit Protection Act 2009 (Cth)
Trust Account Provisions
Annual audit for mortgage brokers handling trust money and commissions.
South Australia (SA)
NCCP — Australian Credit License (ACL)
ASIC — National Consumer Credit Protection Act 2009 (Cth)
$549 + GST
Multiple trust accounts: $549 + GST each
Annual audit required
Audit period: 1 July to 30 June
National Consumer Credit Protection Act 2009 (Cth)
Trust Account Provisions
Maintain trust records and monthly reconciliations; retain annual report for compliance.
Australian Capital Territory (ACT)
NCCP — Australian Credit License (ACL)
ASIC — National Consumer Credit Protection Act 2009 (Cth)
$549 + GST
Multiple trust accounts: $549 + GST each
Annual audit required
Audit period: 1 July to 30 June
National Consumer Credit Protection Act 2009 (Cth)
Trust Account Provisions
Mortgage brokers must maintain compliant trust accounting procedures.
Tasmania (TAS)
NCCP — Australian Credit License (ACL)
ASIC — National Consumer Credit Protection Act 2009 (Cth)
$549 + GST
Multiple trust accounts: $549 + GST each
Annual audit required
Audit period: 1 July to 30 June
National Consumer Credit Protection Act 2009 (Cth)
Trust Account Provisions
Maintain compliant trust account procedures and reconciliation.
Northern Territory (NT)
NCCP — Australian Credit License (ACL)
ASIC — National Consumer Credit Protection Act 2009 (Cth)
$549 + GST
Multiple trust accounts: $549 + GST each
Annual audit required
Audit period: 1 July to 30 June
National Consumer Credit Protection Act 2009 (Cth)
Trust Account Provisions
Annual audit required for ACL holders handling trust money.
Transparent Mortgage Broker Audit Pricing
State-based pricing aligned with our Real Estate layout. Select your state to see pricing per trust account.
New South Wales (NSW)
Mortgage Broker Audit Pricing
$549 + GST per trust account
Multiple trust accounts: $549 + GST each
- ASIC/NCCP aligned audit procedures
- Trust reconciliation and commission handling review
- Audit certificate and recommendations
How the Audit Works
A streamlined four-step audit designed for broker operations.
Engage
Confirm scope, trust accounts, and timelines with a simple onboarding
Prepare
Provide bank statements, trust ledgers, and reconciliation records
Audit
A qualified, independent registered auditor performs procedures and tests samples across trust records
Report
Receive your certificate and recommendations for improvements
Related audit resources
Trust account audit checklist
Check readiness steps before a mortgage broker trust account audit starts.
Trust account audit documents
Prepare bank statements, broker trust account ledgers, reconciliations, and financial services audit records.
Trust account audit cost
Understand fixed-fee pricing and broker compliance audit scope before records are uploaded.
Frequently Asked Questions
Common questions about mortgage broker trust account audits.