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PCAOB warns about auditing commercial real estate

Accounting Today

The Public Company Accounting Oversight Board released a report highlighting special auditing considerations in the commercial real estate market, at a time when many office buildings have lost tenants due to remote work and empty space has grown.

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Companies are Prioritizing Agility and Risk Reduction in 2023 Real Estate Portfolios

CPA Practice

A new survey from lease optimization software provider Visual Lease has found that, while 70% of senior real estate executives reported that their businesses are looking to add space as a part of their 2023 real estate strategy, 88% are planning for physical space needs just one year or less in advance.

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You Shouldn’t Fear an IRS Audit if You Do Your Homework

CPA Practice

By Matthew Chancey, CFP, Kiplinger Consumer News Service (TNS) Audit. The IRS recently announced its plans to significantly ramp up tax audits on the wealthiest taxpayers, large corporations and large, complex partnerships for tax year 2026. When you get audited, the IRS wants to know how you got the answers you did.

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You Shouldn’t Fear an IRS Audit if You Do Your Homework

CPA Practice

By Matthew Chancey, CFP, Kiplinger Consumer News Service (TNS) Audit. The IRS recently announced its plans to significantly ramp up tax audits on the wealthiest taxpayers, large corporations and large, complex partnerships for tax year 2026. When you get audited, the IRS wants to know how you got the answers you did.

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Hong Kong regulator to probe PwC auditing role over Evergrande

Accounting Today

The Accounting and Financial Reporting Council will be investigating an anonymous whistleblower report alleging potential deficiencies in the firm's systems of quality management and the quality of its audits of the Chinese real estate giant.

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The unique challenges of auditing REITs

Accounting Today

These investment vehicles present obstacles that require a deep understanding of the real estate industry and robust financial expertise.

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Case Study: Real Estate Company Enhances Back Office With Outsourced Accounting

Withum

Residential and commercial real estate management company engages outsourced accounting services to fill needs after the retirement of a former outsourced accounting firm. A NYC-based residential and commercial real estate management company transformed its back-office through outsourced accounting services. The Client.