A Victorian estate agency wants to appoint as trust account auditor a CPA who worked as its bookkeeper until 18 months ago. Can she be its approved auditor?
Correct Answer
C) No; anyone who was its employee in the last two years is excluded
An approved auditor of a Victorian estate agent's trust accounts must be a practising public accountant who is a member of CPA Australia, the Institute of Public Accountants or Chartered Accountants. The auditor cannot have been, in the last two years, an employee or partner of the estate agent whose accounts are audited. Her employment ended only 18 months ago.
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