Real Estate Council of Alberta

Trust Assurance Audit

Fiscal Year End Audit

The Real Estate Council of Alberta requires Real Estate Brokerages to conduct and annual Trust Audit of their trust account. If you receive or hold money on account of others during your fiscal year reporting period, you are required to submit one of these audits. If you have not received or held money on the account of others during the period being reported on, you are required to file the F4 declaration of absence of trust transactions. The audit itself should be performed by an accounting firm outside of your own accountants, to ensure honesty and integrity, and then filed digitally with RECA. You can read more here.

Resolve Accounting has experience assisting in these audits, having conducted them before for several brokerages, and is looking to assist with them again. Should your brokerage be looking to file one of these audits, we will have our CPA certified accountants ensure that the documentation is correct, and all records are correct before you file. We are known for our meticulous record keeping, and are more than able to assist you in this endeavor. Below we have included the forms, if you should need them.