Practice 6C: External Financial Evaluation
Source
About This Practice
This guidance covers Practice 6C, which includes one element:
⬤ Obtain an annual financial audit, review or compilation by an independent certified public accountant or a qualified accounting professional, in a manner appropriate for the scale of the land trust
⬤ Accreditation indicator element | ■ Terrafirma enrollment prerequisite | ▲ Required for both
May 2026 update: Updated accreditation requirements for Practice Element 6C1 to reflect the 2026 Requirements Manual.
March 2023 update: Updated accreditation requirements for financial audit/review thresholds under Practice Element 6C1.
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For accreditation-related materials, please also consult the Land Trust Accreditation Commission website.