Industry Supplier

 The Letting Partnership

SAVE 75%

Save around 75% by completing a HealthCheck instead of an Accountant's Report

01903 477 900

More info

 

Standard Client Account

You do not need to provide an Accountant’s Report if your company is regulated by RICS, the Law Society or the Law Society of Scotland. Instead we accept evidence that your company is regulated by one of those organisations.

If you are solely a member of ARLA Inventories or looking to join ARLA Inventories then you do not have to provide an Accountant’s Report. For more information see rule 1 of Propertymark's Conduct and Membership Rules.

New companies and new Principals, Partners or Directors (PPDs)

Companies which have not had an accounting year end since handling client money will need to submit an accountant's report immediately. The report needs to cover the period from when the firm started to handle client money up until now (interim report). Your accountant should complete as many of the Tests For Propertymark Accounting Requirements (pages 2-3) as possible and complete at least one reconciliation.

New PPD applicants and current PPD members whose newly acquired company has already had an accounting year end will need to submit a report immediately for the company's most recent financial year.

Accountant's Report

ACCOUNTANT'S REPORT

An Accountant's Report must be provided annually and within six months of the company's financial year end. Accountants should report non-compliance, along with a summary of steps which have been taken or agreed to bring the client accounts into compliance.

Download

Accountant’s reports must be completed by a chartered or certified accountant who is a member of one of the Financial Reporting Council's Recognised Supervisory Bodies (RSBs). More info…

Where client funds are held subject to the Estate Agents Act 1979 the report must be completed by a registered auditor as per section 1239 of the Companies Act 2006. This refers to pre-contract or contract deposits in connection with the purchase of landed property or a connected contract. A registered auditor is not required should the agent only hold client funds in connection with lettings. For more information see the Estate Agents Act 1979 and rule 1.25 of our Conduct and Membership Rules.

SUBMITTING YOUR REPORT

Email your report to accountantsreport@propertymark.co.uk. You should receive an acknowledgement of receipt within 30 minutes. Your accountant can also send the report but please remember it is your responsibility to ensure we receive it.

You can also post the report to us at the following address. Please allow a week for the post to arrive and then call us on 01926 417 365 to confirm we have received your report.

Propertymark, Membership Documents, Arbon House, 6 Tournament Court, Edgehill Drive, Warwick CV34 6LG

 

Industry Supplier

 The Letting Partnership

SAVE 75%

Save around 75% by completing a HealthCheck instead of an Accountant's Report

01903 477 900

More info