Guide Escrow/Trust Account

Published: 17/10/2023

The Escrow/Trust Account form provides information on balances, interest and any collateral,securities or facilities that may be attached to trust accounts for a specified year end date.

Instructions:

Auditor Setup of the Escrow/Trust Account form

The following image provides a detailed description on what is required for the different fields.

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Completed Escrow/Trust Account form

The below image describes what the Escrow/Trust Account form will look like once the bank has completed the form. The image also highlights where the auditor needs to focus on to obtain the information they require to complete their audit.