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REBOSA welcomes audit of the EAAB - Market News, News
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Estate Agency Affairs Board welcomes forensic audit
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The Estate Agency Affairs Board (EAAB) has welcomed the forensic audit instituted by the Minister of Human Settlements, Water and Sanitation into its affairs, and says it has, in fact, reached out to the Director General to âmove the matter forwardâ.
While the Board does not know the reasons for the forensic audit â which was called for on March 1, it is confident that all its affairs are in order and will âfully cooperateâ with the process.
In a media statement on the matter, chairman Nkosinathi Biko notes that the Auditor-General has been the EAABâs auditor since 2018, and received a âclean auditâ in the most recent financial year.
Estate Agency Affairs Board faces forensic audit as Rebosa takes it to court
By Property Writer
Cape Town – The embattled and long-troubled Estate Agency Affairs Board (EAAB) is facing the wrath of the law and government in what can only be described as a bad start to the month for the regulatory body.
Not only is it facing a forensic audit but also a legal battle to try and force it to issue outstanding Fidelity Fund Certificates to qualified agents.
Earlier this week, Minister for Human Settlements, Water and Sanitation Lindiwe Sisulu, in a “powerful demonstration of support for the property industry”, ordered a forensic audit of the EAAB.