PPRA 2025 Trust Account Audit Report Submission Deadlines

Posted 24 June 2025 Written by Acts Online
Category Financial and Accounting

Brought to you by SA Accounting Academy: In terms of section 54(5)(b) and section 54(6) of the Property Practitioners Act, No. 22 of 2019, the Property Practitioners Regulatory Authority (PPRA) has issued a notification regarding the mandatory submission of trust account audit reports for the 2025 financial year.

Business property practitioners who do not hold a valid trust account exemption letter and have a financial year ending 28 February 2025 are required to ensure their auditors submit the relevant trust account audit reports to the PPRA. The statutory deadline for these submissions is 31 August 2025.

The Authority has explicitly stated that no requests for extensions to this deadline will be considered or granted. Principals of business property practitioners are responsible for communicating these requirements to their auditors to ensure compliance with the Property Practitioners Act.

Key Compliance Requirements

  • Applicable Entities: Business property practitioners without trust account exemption letters.
  • Year-End Date: 28 February 2025.
  • Submission Deadline: On or before 31 August 2025.
  • Submission Method: Reports must be submitted by the registered auditor directly to the PPRA.

Click here to download the PPRA Alert: 2025 Audit Report Submissions.

What this means for you, your business, or your clients

  • For yourself: No direct individual obligations; impact is channelled through professional responsibility to ensure statutory audit deadlines are met for property practitioner clients.
  • For your business: Audit firms must schedule 28 February 2025 year-end audits for property practitioners to ensure completion and submission via the PPRA portal before the 31 August 2025 cut-off.
  • For your clients: Business property practitioners must provide all necessary trust account records to their auditors immediately following the February year-end, as the PPRA will not grant extensions for late filings.

Originally published at https://accountingacademy.co.za/news/read/2025-audit-report-submissions-to-ppra

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