Construction and real estate
The Construction & Real Estate sector comprises a wide variety of companies: from contractors to installers and from property developers to architects. The sector depends heavily on domestic spending, and has suffered throughout the economic recession. Savings feature prominently on everyone’s agenda, yet they should not jeopardise the long-term focus.
Valuations in Construction & Real Estate
Issues relating to external reporting and auditing often focus on the valuation of ongoing projects and works in progress, and on the valuation of real estate. How ongoing projects are measured will depend on the progress and on the projected results of the project (i.e. whether it will generate a profit or a loss). In practice, these issues are often far from simple, and the estimates depend on a wide variety of factors. You need an auditor with a specific understanding of the sector to solve these problems.
Meet Van Oers Audit
Do you want to bounce your ideas off a professional with extensive experience in the Construction & Real Estate sector? Contact us now!