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CPP51119 Diploma of Property (Agency Management) CPPREP5002 - Project: - TRUST ACCOUNT 2 Task 2 You (the learner) to monitor and manage a trust account

CPP51119 Diploma of Property (Agency Management)

CPPREP5002 - Project: -

TRUST ACCOUNT 2

Task 2

You (the learner) to monitor and manage a trust account

You have been assigned a job to monitor and manage a trust account of an individual who is intending to invest in market shares. The person is involved in the construction business and has decided to invest a percentage of revenue of construction in market shares from the same property trust account. You are required to submit a report incorporating the legislative requirements, risks associated with the operation of the real estate trust account, strategies to control the risks, plan to control the fraudulent activities associated with the real estate trust account. You are also required to discuss the importance of internal and external audits reconciliation.

Use the template to record details of the process.

I need assistance with completing the below form for this assignment:

You (the learner) to monitor and manage a trust account

You have been assigned a job to monitor and manage a trust account of an individual who is intending to invest in market shares. The person is involved in the construction business and has decided to invest a percentage of revenue of construction in market shares from the same property trust account. You are required to submit a report incorporating the legislative requirements, risks associated with the operation of the real estate trust account, strategies to control the risks, plan to control the fraudulent activities associated with the real estate trust account. You are also required to discuss the importance of internal and external audits reconciliation.

Use this template to record details of the process.

Learner Name

Agency name

Commencement date

Completion date

What resources will be needed

What other stakeholders will be involved

What legal/industry requirements are relevant to this process

(for example, are national privacy principles)

Were any of the following undertaken? (If so, provide details)

What process did you use to clarify client and process requirements
How did you confirm the validity of client intentions and information??
What research did you undertake?
Analysis of existing documentation, all materials

Seeking advice from a legal officer, government representative, industry representative, or other relevant person/s

Provide details of the planning an image and implementation for the process you undertook for this application

What were the outcomes/findings of the process?

What recommendations will be made as a result of processing the application?

Based on your conclusions, what recommendations would you make to your organisation to ensure future compliance and ethical operation?

Recommendations:

Your name

Date

Your Signature

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