Author: – Sundeep Gupta & Aayush Ojha, Baker Tilly ASA India LLP
Real estate audits play a crucial role in the financial oversight of an industry that involves substantial investment, long-term projects, and complex legal frameworks. As the real estate sector grows in size and complexity, ensuring that financial transactions are accurately recorded and compliant with legal standards has become more important than ever. Auditing in this space is not just about checking numbers—it involves assessing property ownership, valuations, construction progress, and lease management. Here we explore how real estate audits are conducted, their uniqueness and differences from audits in other industries, common challenges faced and how to overcome them. Real-life experiences from the auditing field are included to provide practical insight into the nuances of real estate audits
Published on – Taxsutra
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