Client Monies

APES 310 Client Monies sets out mandatory professional requirements and guidance for members in public practice who deal with client monies, or who act as an auditor of client monies.

Part A of the standard specifies the obligations of a member in public practice who deals in client monies (due to the operation of trust accounts or client bank accounts). Part B specifies the professional obligations of an auditor of client monies and the appendices to the standard include  examples of a pro-forma audit report and a pro-forma review report.