Under WA trust accounting principles, how often must trust account reconciliations be completed, and who signs them?
Correct Answer
A) At least monthly, as at month end, signed by the licensee in control
Consumer Protection WA's handbook says trust account reconciliations are completed at least monthly, more often where the auditor recommends or volume requires, as at the end of the last day of each month, and signed by the licensed person in bona fide control of the agency.
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