Handling client funds is one of the most heavily scrutinised responsibilities in professional practice. Strict regulatory compliance is essential to protect client assets, meet mandatory reporting deadlines, and safeguard your professional licence
Mizael Auditors has been conducting trust account reviews for law practices and real estate agencies since 2013. Our chartered accountants and registered auditors examine your trust records, identify issues before a regulator does, and issue the assurance report your obligations require. Whether you run a two-partner practice or a multi-office agency, we handle the review with minimal disruption to the people who need to keep working through it.
We deliver targeted statutory audits tailored to the unique regulatory frameworks of our core sectors.
Our team audits trust accounts operated by real estate agencies, including sales and rental trust accounts. Our work covers the financial records, procedures and property documents relevant to the trust money received and paid by the agency.
Our dedicated real estate trust account audit services provide further information about the records we review.
We review the client trust accounts maintained by law firms. Our services cover trust account transactions, bank records, client ledgers, controlled money accounts and relevant matter files.
Learn more about our law firm trust account reviews.
Real estate trust accounts can contain money connected with property sales, rental arrangements and other client transactions. Our review considers both the account activity and the property documents supporting that activity.
Our sales trust account audit work may include reviewing:
Relevant contracts are examined alongside the selected sales trust account transactions.
These statements are reviewed where they form part of the sales records under examination.
Supporting records are checked against commissions connected with trust account activity.
Applicable authorities are examined for the selected sales transactions.
Transaction records are used to trace money entering and leaving the sales trust account.
Our rental trust account reviews may cover:
Relevant agreements are examined alongside the selected rental transactions.
These reports are reviewed where they support the rental records under examination.
Supporting records are checked against bonds received through the agency.
Applicable authorities are examined in connection with the rental trust account activity.
Documentation is reviewed to support commissions recorded in the trust accounts.
Our team at Mizael Auditors also reviews dormant trust accounts as part of its real estate trust account audit services. This allows accounts without current transaction activity to remain within the scope of the agency’s trust account review where applicable.
Legal practice trust accounts require immaculate, matter-specific record-keeping. Our independent audits provide the stringent financial verification mandated by state Law Societies, proactively protecting client assets and securing your firm’s practicing certificates.
We examine the complete financial trail behind the money received, held, and disbursed for every individual client and legal matter. Our compliance review includes a detailed assessment of:
Depending on the documentation examined, our rigorous review process can identify:
Our ultimate objective is to provide a highly accurate, independent assessment based on your available financial records. We deliver the verified insights that Licensees in Charge and Legal Practice Directors need to strengthen internal controls, prevent reportable breaches, and operate with absolute confidence.
We provide comprehensive audit services for a diverse range of corporate structures, investment vehicles, and international entities, including:
Our audit professionals frequently collaborate with multinational organisations headquartered across key global markets, including:
If you require clarification regarding your specific reporting obligations, our team can assess your corporate structure and provide clear, actionable advice to support your business.
We provide high-level financial insights and assurance to chief financial officers overseeing global operations. Our direct communication ensures strategic alignment and transparent reporting at the executive tier.
Our auditors coordinate seamlessly with regional and global finance directors to streamline statutory compliance. We supply the accurate, verified data required to manage overarching corporate financial health.
We collaborate with financial controllers to review internal processes, financial statements, and ledger accuracy. This partnership guarantees meticulous adherence to mandatory Australian reporting frameworks.
Our professionals act as reliable local counterparts for lead international audit teams. We deliver precise component audits and reporting packages that integrate flawlessly into consolidated global assessments.
We liaise with independent accounting firms managing the broader financial portfolios of international clients. This cooperative approach ensures all statutory audits complement existing corporate accounting structures.
Our team consults with legal counsel to confirm that financial disclosures meet all statutory and regulatory mandates. We provide the independent verification necessary to support corporate restructuring, acquisitions, and ongoing compliance obligations.
We exchange critical financial data with local and international tax specialists to support accurate tax provisioning. This professional coordination ensures all audit adjustments align perfectly with overarching tax planning strategies.
We support internal audit departments by validating local risk management protocols and internal controls. Our independent assessments reinforce the integrity of corporate governance frameworks across international borders.
An independent audit is more than a mandatory compliance exercise; it is a strategic asset that drives commercial credibility. By partnering with us, your Australian entity can confidently satisfy critical financial, regulatory, and structural requirements, including:
If you require clarification regarding your specific reporting obligations, our team can assess your corporate structure and provide clear, actionable advice to support your business.
Our trust account audit team combines deep regulatory expertise with practical professional insight. We deliver the rigorous compliance that law firms and real estate agencies require to safeguard their licenses and client funds:
Since 2013, we have helped thousands of professionals maintain strict, highly compliant financial operations. Our specialised trust audit methodologies ensure complete alignment with state Law Societies, Consumer Affairs regulations, and overarching statutory standards.
Every engagement benefits from the direct oversight of experienced partners with extensive backgrounds in statutory compliance and complex trust legislation. This senior involvement ensures critical matters, such as reconciliation anomalies and potential breaches, are identified and resolved accurately.
We utilise secure, streamlined auditing processes to minimise disruption to your practice’s daily operations. Our highly efficient approach guarantees an average audit completion time of 3 weeks, ensuring you meet strict regulatory lodgement deadlines without compromising thoroughness.
We operate on clear, agreed-upon fee models with zero hidden surprises. With 98% of our trust audit engagements delivered strictly within scope, your firm or agency gains total financial certainty and predictable compliance costs from day one.
We build enduring, trusted partnerships that support your statutory obligations year after year. Our 96% retention rate reflects our ongoing dedication to protecting your professional license, ensuring operational transparency, and providing absolute peace of mind.
Managing client funds requires strict precision and unwavering regulatory adherence. Our experienced auditors are here to help your firm navigate complex statutory requirements efficiently. We deliver the rigorous, independent verification necessary to secure your professional license and maintain uncompromised financial transparency. Explore our comprehensive audit services to see how we support Australian practices. Contact us to discuss the type of trust account, the records available and the review your organisation requires. Call 1300 444 004 or book your free 30-minute consultation.
ISO certification ensures quality management, security of client data, and allows us to provide optimum service to our clients at all times.
Mizael Partners is led by founding director Ryan Mizael, an accountant serving Melbourne, Sydney and beyond with decades of industry experience. Ryan’s approach combines technical expertise with genuine care for each client’s success. His guidance continues to shape a firm culture built on trust, accountability, and measurable outcomes.
Mizael Partners are proud Chartered Accountants and registered auditors. We offer you the best service and expertise through partnership with these trusted providers.
Don’t just take our word for it. Hear from some of the clients we have had the pleasure of working with.
Mizael Partners offers flexible service tiers to suit every stage of development.
Perfect for individuals and sole traders. Includes tax returns, BAS, and bookkeeping setup to establish a strong foundation.
Designed for small businesses ready to scale. Covers monthly bookkeeping, quarterly BAS, and regular advisory sessions to keep growth sustainable.
For established companies seeking end-to-end management. Includes payroll, cash flow forecasting, full accounting oversight, and business strategy planning.
Optional add-ons include SMSF setup and management, business structuring advice, and virtual CFO support, giving you access to strategic expertise without hiring in-house.
Law practices that receive or hold trust money, and real estate licensees who received or held trust money during the financial year. The obligation follows the licence, so it applies to sole practitioners and single-office agencies as much as to large firms.
Your trust practices and procedures, receipts and payments, bank statements and reconciliations, trust balances, and journals, plus the records specific to your licence type.
Deadlines vary strictly depending on your profession (real estate or legal) and your state or territory’s specific legislation. Reporting periods and final lodgement dates differ significantly across jurisdictions like Victoria, NSW, and Queensland. We recommend contacting our audit team directly so we can assess your corporate structure and confirm your exact statutory deadlines.
Yes. We utilise secure, cloud-based technology to examine your electronic ledgers, bank reconciliations, and supporting property or legal matter files remotely. This highly efficient approach significantly reduces operational disruption, allowing your staff to continue their daily work without interruption.
We provide a range of accounting, auditing, bookkeeping and forensic accounting services to help make businesses efficient and compliant for growth. View some of our client case studies.