Do you need a third-party audit to share utilities?

The water and electricity charges shared by the property do not need to be audited by a third party, and only the national industrial and commercial, tax authorities or audit departments can audit the enterprise accounts. According to the property management regulations, property companies should publicize their own property fees and usage. If the owners are not satisfied with the publicity, the industry committee may hire a professional auditing agency to audit the income and expenditure of property fees.

Audit refers to an independent economic supervision activity in which specialized agencies conduct pre-and post-inspection on major projects and financial revenues and expenditures of governments, financial institutions, enterprises and institutions at all levels according to law.