How to Prepare for a QBCC Audit
QBCC AUDITS The Queensland Building and Construction Commission (QBCC) is responsible for monitoring trust account compliance and has the authority to conduct audits of trust accounts. As a trustee, it’s not a matter of if but when you will be audited. Here’s my advice for trustees gearing up for these audits: 1. Stay Vigilant with payments Timeliness is key. Ensure you issue necessary documents like payment schedules and supporting statements promptly, adhering to required