External Examination of Trust Records | Quantum House Australia

If your law practice receives or holds trust money, an annual external examination of your trust records isn't optional—it's a legal requirement. In this video, Quantum House Australia explains what an external examination involves, who needs one, who is qualified to perform it, and the key deadlines every law practice in New South Wales, Victoria, and Western Australia should know. In this video, you'll learn about: What an external examination of trust records is Who must undergo an annual trust examination Who can act as an approved external examiner What an examiner reviews during the engagement Common trust accounting red flags Important reporting deadlines The consequences of non-compliance Best practices for maintaining compliant trust records year-round Whether you're a sole practitioner, law firm principal, or practice manager, this guide will help you understand your trust account obligations under the Legal Profession Uniform Law. Need an approved external examiner? 🌐 https://quantumhouse.com.au 📞 1300 809 697 Disclaimer: This video contains general information only and does not constitute legal, accounting, or professional advice. Requirements may vary depending on your circumstances and jurisdiction.