Trust examinations ensures that trusted entities comply with stringent laws concerning the receipt, holding and disbursement of trust money – the money a person or company legally holds on behalf of a client or other people in the course of, or in connection with, the provision of services.
We provide trust examinations to clients in the following industries who utilize trust funds in managing their operations:
- Legal (lawyers and notary public)
- Real estate brokers
- Property management
- Mortgage brokers
Trust examinations carry the important function of establishing mandatory requirements of reporting on a trust entity’s compliance with requirements established in legislation or regulations, agreements, contracts or similar, or which are internally-imposed by the entity or governing body.
It is vitally important that consumers are totally confident that the large sums of money they give to those hold money held in trust transactions are kept safely in trust.
Trust examinations plays a critical role to ensure that all trust money can accurately be accounted for and handled appropriately.