Auctioneers are not required to have their financial statements audited. However they are responsible for complying with the Property Services (Regulation) Act 2011, (Client Moneys) Regulations 2012.  These regulations provide for various requirements of auctioneers and estate agents with regard to the keeping of client accounts and accounting records and of property management agents with regard to the handling of and accounting for, moneys lodged to a ‘relevant account’.

With our in-depth experience we can help auctioneers:

• To establish an accounts structure that best suits their needs
• Identify the best accounting software to control the client account.
• Advise on the requirements of the Acts to ensure compliance.