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An audit of the trust accounts held by your office has identified some discrepancie Considering the seriousness of this situation your manager has asked you to meet and discuss the arrangements you

An audit of the trust accounts held by your office has identified some discrepancies. Considering the seriousness of this situation, your manager has asked you to meet and discuss the arrangements you have implemented to maintain and monitor these accounts.

Your assessor will take the role of your manager. Using information provided in the learner resources, or workplace documents, discuss the maintenance and monitoring of trust accounts.

The discussion should focus on:

processes established to ensure separation of trust accounts from other accounts
relevant trust account requirements
processes for disbursement of cash from trust accounts
security associated with trust accounts
authorities to access trust accounts in the agency
processes to monitor and supervise staff activities in relation to trust account transactions
required record-keeping of trust accounts
monitoring of trust accounts and actions taken when discrepancies are identified
reporting arrangements and checks made of trust accounts on a periodic basis
any other details which support the integrity of the processes which you have implemented to maintain trust accounts.

Feb 13 2020 View more View Less

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An audit of the trust accounts held by your office has identified some discrepancie Considering the seriousness of this situation your manager has asked you to meet and discuss the arrangements you

Answer (UnSolved)

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