Trust Account Audit Documents Checklist
A practical guide to the records most Australian trust account auditors request, written for businesses that want to prepare for secure portal upload, avoid delays, and reduce repeated follow-up.
Core records
Statements + ledgers
Bank records and accounting records need to reconcile across the audit period.
Best workflow
Portal upload
Secure uploads and read-only access reduce email risk and document chasing.
Main delay
Missing records
Unreconciled months, gaps in statements, and unclear source documents slow the audit.
Core documents most trust account audits need
A trust account audit checks whether client money records are complete, reconciled, and supported. The auditor needs enough evidence to trace trust money through bank statements, ledgers, receipts, payments, reconciliations, and client balances. The more complete the file is at the start, the fewer follow-up questions are usually needed.
- Trust account bank statements for the full audit period
- Monthly trust account reconciliations
- Client, matter, rental, sales, or trust ledger reports
- Trial balance or client balance listing at period end
- Receipts, payments, journals, and transaction listings
- Supporting invoices, contracts, authorities, or settlement documents
- Previous audit report and prior-year findings, if applicable
- Licence, entity, trust account, and software details
What changes by profession or state?
The starting document list is similar, but each audit type can add its own requirements. A real estate agency may need property-management reports and trust account UID details. A conveyancer may need settlement matter support. A solicitor may need external examiner records and controlled money evidence. An accountant client-money review may need professional-standard documentation under the applicable engagement scope.
- Real estate agents may need rent, sales, bond, and property ledgers
- Conveyancers may need matter ledgers and settlement files
- Solicitors may need law-practice trust and controlled-money records
- Accountants may need client-monies documentation under APES 310
- Queensland timing may depend on the licence audit period
- NSW and Victoria have specific audit lodgement and report pathways
How documents connect to the online audit portal
The document checklist is most useful when it connects directly to the online audit workflow. After scope is confirmed, the portal checklist shows what should be uploaded, what has already been received, and what still needs follow-up. This helps the audit team ask for targeted missing records instead of restarting the whole handover process.
- Start with ABN, state, profession, audit period, and trust account details
- Use the portal checklist instead of scattered email attachments
- Upload documents when convenient rather than travelling to a handover meeting
- Keep bank statements, reconciliations, ledgers, and reports grouped by period
- Respond to missing-document requests from the audit team
- Retrieve final audit documents from the portal after completion
How to reduce audit follow-up
The fastest audit files are not just uploaded quickly; they are organised in a way that lets the auditor trace balances and transactions without guessing. A secure portal, consistent file names, complete audit-period coverage, and read-only software access can reduce administration without reducing the audit work.
- Use one folder per trust account or audit period
- Name files with the month, account, and report type
- Upload every bank statement in chronological order
- Include reconciliations for every month, even quiet months
- Flag missing records before the engagement starts
- Grant read-only software access where available and appropriate
Trust account audit document checklist
This table is a practical preparation guide. Your final request may change based on the audit type, state, and record quality.
| Document | Why the auditor needs it | Preparation tip |
|---|---|---|
| Bank statements | To verify trust account balances, receipts, payments, and period coverage. | Provide complete PDF statements for every trust account and every month in the audit period. |
| Monthly reconciliations | To compare bank balances, cashbook balances, and client ledger balances. | Export the signed or final reconciliation report for each month, including nil-activity months. |
| Trust ledgers | To trace client, matter, property, or account-level trust movements. | Export ledgers by client, matter, rental property, or trust account as applicable. |
| Trial balance or client balance listing | To confirm client money balances at the audit date. | Use the report produced from the trust accounting system at period end. |
| Receipts and payments | To test transaction recording, authorisation, and allocation. | Provide transaction reports with dates, descriptions, payees, references, and amounts. |
| Source documents | To support selected transactions and confirm the business reason for trust movements. | Keep invoices, settlement records, contracts, authorities, or correspondence easy to match. |
| Previous audit report | To understand prior findings, repeat issues, and opening balances. | Upload the prior report and note whether any findings were resolved. |
| Licence and entity details | To confirm the responsible licence holder, entity, address, and trust account identity. | Provide current licence numbers, ABN, trading name, trust account names, BSBs, and account numbers. |
| Read-only software access | To help the auditor trace reports and reduce repeated exports. | Grant least-privilege access and remove it after the audit is complete. |
Frequently asked questions
What documents are needed for a trust account audit?
Common trust account audit documents include bank statements, monthly reconciliations, trust account ledgers, trial balance reports, receipts, payments, source documents, client balance listings, previous audit reports, licence details, and read-only software access where available. The exact list depends on your profession, state, and regulator.
Do I need original documents for a trust account audit?
Auditors usually need complete and reliable audit evidence. Digital copies, PDF bank statements, system exports, and read-only cloud access can often be used, but the auditor may request original or additional evidence where a record is unclear, incomplete, or inconsistent.
Can I upload scanned documents?
Yes, scanned documents can be useful where they are complete, readable, and clearly connected to the transaction being tested. For bank statements and system reports, direct PDF exports are usually better than photographs or low-quality scans.
How should I prepare documents for an online trust account audit?
Start with complete bank statements, reconciliations, ledgers, transaction reports, prior audit reports, licence details, and software exports for the full audit period. Use the portal checklist to upload records in an organised way, and do not upload sensitive trust records into an AI chat or ordinary email unless the auditor specifically instructs you.
Can I grant read-only software access instead of uploading files?
Often yes. Read-only software access can reduce back-and-forth and help the auditor trace transactions, ledgers, and reconciliations. Access should be limited to what is needed for the audit and granted through a secure workflow.
What if trust account records are missing?
Tell the auditor before the audit begins. Missing records can affect scope, timing, evidence quality, and the final report. It is better to disclose missing statements, unreconciled periods, or incomplete ledgers early than to wait until the audit review is underway.
What documents do real estate agents usually need?
Real estate agents commonly need trust bank statements, monthly reconciliations, rental or sales ledgers, client balance listings, receipt and payment records, licence details, trust account details, and supporting documents for selected transactions.
What documents do solicitors or conveyancers usually need?
Solicitors and conveyancers may need matter or client ledgers, trust bank statements, reconciliations, controlled money records where applicable, settlement records, payment authorities, receipts, prior reports, and regulator-specific forms or portal details.
Related trust account audit resources
Trust account audit
Start the main trust account audit request and guide pathway.
Audit checklist
View the broader trust account audit checklist.
Trust account audit cost
Understand pricing and fixed-fee scope drivers.
Who can audit?
Check auditor eligibility and independence basics.
Client portal
See the secure upload and Australian handling workflow.
Start online, or return to your portal
New clients can start the audit request online. Existing clients can log in to upload requested records, respond to audit queries, or retrieve final audit documents from the portal.
New online audit
Start with ABN and scope
Tell us your ABN, profession, state, audit period, trust account activity, software, and deadline. We confirm the pathway and fixed-fee scope before audit work begins.
Start audit requestExisting client
Upload, respond, or retrieve documents
Use the portal when the audit team asks for more records, when you need to respond to a query, or when you want to download final reports and engagement documents later.
Online audit
Start or log in