You can delegate the reconciliation. You cannot delegate the liability. “Good intentions” is not a defence a regulator accepts — so what, on paper, is your defence? A health check tells you before the audit does, while there is still time to fix it.
Gaps found and closed on your timetable, a documented control environment, and an audit that holds no surprises.
Where this maps in the law
Advisory review aligned to the trust-money controls in the Property and Stock Agents Act 2002 (NSW) and Strata Schemes Management Act 2015 (NSW). Deliberately lane-separated from the statutory audit.
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Prove every recovered dollar was recoverable — before a tenant’s auditor tests it.
A clean audit says the records reconcile. It does not say no one is stealing.
The annual audit the Act requires — arranged through an independent registered auditor.