The Property Practitioners Act (PPA) has introduced specific compliance responsibilities that directly affect accountants working with clients in the property sector. This article outlines the key thresholds, reporting requirements, and common errors made by property clients. It also highlights how practitioners can add value through independent reviews, trust account oversight, and timely advisory services grounded in regulatory updates.

Many Independent Reviews unravel long before the first analytical procedure is performed. The real trouble often starts with poor client take-on, vague engagement terms, and overlooked ethical concerns. When practitioners rush through pre-engagement checks or ignore their instincts, they risk compromising the entire engagement. This article outlines how to apply ISRE 2400 (Revised) with clarity and caution, helping you make informed decisions from the outset and avoid unnecessary professional exposure.