b'Stricktly Strickland continued from page 25Record of all Receipts/Deposits Separate records for monies received andAll monthly reconciliations of the columnar disbursed in the separate transactionsand separate records as described in Columnar Record of Trustas described in Regulation 2831.1, TitleRegulation 2831.2, Title 10, Chapter6 of Funds Received and Paid Out10, Chapter 6 of the California Code ofthe California Code of Regulations for the (Control Record) Regulations for the past three (3) years; past three (3) years.In plain English, this is the daily runningNow, once you provide the DRE employee balance of the account (like a checkbookwith the above, the digging begins.It register). can take them days or weeks to go through every deposit, every credit, every Separate Beneficiary Records debit, every beneficiary statement, each reconciliation and bank statement, well, Invoices Related to Trusteverything.They may request more Account Disbursements information, additional explanations, etc.In their letter of request, the DRE SpecialAsk yourself one simple question:Am I Investigator will often provide theprepared to face a DRE trust account audit following expanded request: if the DRE walked into my office today?Columnar and control records showing allPam Strickland is a compliance consultant funds received and disbursed describedwho helps DRE brokers prepare for and in Regulation 2831, Title 10, Chapter 6 ofsurvive DRE audits and office surveys.She the California Code of Regulations for thecan be reached at pam@pamstrickland.com. past three (3) years;Page 26Fall 2020Points of Interest'