Simplify Trust accounting and stay compliant with software built specifically for Australian accountants, designed to save time.
Simplify Trust accounting and stay compliant with software built specifically for Australian accountants, designed to save time.
Managing Trust accounts manually in Excel creates compliance risk and eats up valuable time. MyWorkpapers gives Australian accountants purpose-built software to handle every aspect of Trust accounting — accurately and efficiently.
Trust accounting in Australia requires strict adherence to APES 310 (Client Monies) and ASAE 3100 (Compliance Engagements). MyWorkpapers provides pre-built workpapers aligned to these standards — including specific programs for Assessment of Compliance (A1), Summary of Breaches (A2), and Risk Assessment (B5) — updated continuously as legislation evolves.
Pre-built workpapers aligned with APES 310 and ASAE 3100 standards. Covers Trust deeds, distributions, compliance requirements, and breach assessments (A1, A2, B5) specific to Australian Trust legislation.
Intelligent automation identifies discrepancies, reconciliation differences, and anomalies across Trust accounts. Reduce manual checking time while improving accuracy and risk detection.
Track audit progress from planning to sign-off. Assign tasks, manage deadlines, and monitor team performance with complete visibility across all Trust account engagements.
Centralized storage for all audit documentation with automatic version control. Export reports in multiple formats ready for client presentation and regulatory lodgement.
Real-time collaboration with role-based access. Client portal for query management, document requests, and seamless communication—all tracked within the audit file.
Edit Word and Excel documents directly in your browser. No version control issues, automatic change tracking, and complete audit trail for every modification.
Templates are designed in line with Australian Trust legislation and regulatory requirements. They guide users through key compliance areas to ensure nothing is overlooked. Regular updates help reflect changes in legislation and best practices.
Built-in tools allow teams to record, track, and resolve client queries efficiently. Exceptions and outstanding items are clearly flagged for follow-up. This improves communication, accountability, and turnaround times.
The system automatically identifies variances and reconciliation differences across key accounts. Reports highlight discrepancies that require investigation. This helps reduce risk and improve accuracy during reviews.
Every action, review, and sign-off is logged automatically within the system. This creates a complete audit trail for compliance and internal review purposes. Historical tracking supports transparency and quality control.
Reports can be exported in multiple formats to meet different reporting and lodgement needs. This supports easy sharing with clients, reviewers, and regulators. Consistent formatting ensures clarity and professional presentation.
“Our Trust audits have never been more efficient or compliant, thanks to MyWorkpapers Trust Audit solution.”
Mark D., Principal Auditor, Integrity Trust Audits
MyWorkpapers provides specific content packs for Trust Accounts Standards Alignment: The templates are updated to ensure compliance with APES 310 (Client Monies) and ASAE 3100 (Compliance Engagements).
MyWorkpapers is built as a cloud-first platform specifically to eliminate “siloed” working practices common in traditional Excel-based audits.
The software is designed to be flexible enough to handle various types of trust engagements across different Australian jurisdictions.
Book a personalized demo and discover how we can help you achieve peak efficiency, unwavering compliance, and sustainable growth.
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