GPUP13 - Trust Accounting with Assistant Commissioner Liz Recchia

Our short podcast is a quick, under 15 minutes, pearl of helpful information, so licensees and the public can be better educated on issues of the day. Today, I am interviewed by Deputy Commissioner Mandy Neat. Join us as we discuss the Department’s current concerns with Trust Accounting. Licensees should remember, GAAP principles are called out in the law. Licensees holding Trust Accounts should realize they are acting in a trust relationship with their clients. Trust Accounts are not typical business accounts, they are accounts that hold other peoples money. To read that statutes and rules, you can access the law book at the DRE website. Learn more about your ad choices. Visit megaphone.fm/adchoices