What is the audit focus of real estate development enterprises?

1. Development enterprises that develop multiple properties at the same time are generally established according to the properties. Some project departments implement the contract responsibility system. A few trans-regional project departments only pay contract fees such as interest on occupied funds, management fees and verification profits to enterprises, and income and expenditure are not included in the financial accounts of enterprises.

2. Operators without development qualifications can only engage in real estate development by paying management fees to qualified development enterprises. The books of some development enterprises only reflect the management fees collected, not the income and expenditure of affiliated operations.

Standards formulated: Standards formulated are the basis of audit, that is, standards to judge whether the economic activities of the audited entity are legal and compliant, how economic benefits are, and whether economic phenomena are true and fair, such as laws, regulations and standards promulgated by the state, accounting standards formulated by professional institutions, and various consumption quotas, plans and budgets formulated by enterprises.

Extended data:

Any audit has three basic elements, namely, audit subject, audit object and audit authorization or client.

Audit subject refers to the executor of audit behavior, that is, audit institutions and auditors, who are the first parties to the audit;

The audit object refers to the recipient of the audit behavior, that is, the custodian or operator of the audited assets, and is the second party of the audit;

Audit authorizer or client refers to the unit or individual who authorizes or entrusts the audit subject to perform audit duties according to law, and is the third party of audit.

Generally speaking, the third party is the owner of the property, and the second party is the asset custodian or operator, and there is an economic responsibility relationship between them. Party A's audit institutions or personnel are in the intermediary position between the property owner and the entrusted management or operator, and are responsible to both parties.

It is necessary to accept authorization or entrustment to carefully examine the accounting data submitted by the audited entity, submit an audit report to the authorized or entrusted auditor (that is, the property owner), and objectively and fairly evaluate the responsibility and performance of the entrusted agent or operator.

Baidu encyclopedia-audit