Real estate audit
A real estate audit is a type of audit that is conducted on the financial and operational aspects of a real estate project, property, or portfolio. Real estate audits are typically conducted by qualified and independent auditors to ensure that the financial statements of the real estate project, property, or portfolio are accurate, complete, and comply with relevant laws and regulations.
The main objectives of a real estate audit are:
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to ensure the accuracy and completeness of the financial statements of the real estate project, property, or portfolio.
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to identify any financial irregularities, errors, or discrepancies.
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to assess the adequacy and effectiveness of the real estate project, property, or portfolio's financial controls and procedures.
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to ensure compliance with relevant laws and regulations.
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​A successful real estate audit can help identify potential financial risks and opportunities and provide assurance to stakeholders that the real estate project, property, or portfolio's financial affairs are being managed appropriately.