1 answer

How will audit effort be allocated among geographical areas for REIT companies (self-storage companies)?

Question:

How will audit effort be allocated among geographical areas for REIT companies (self-storage companies)?


Answers

The audit of real estate investments trusts is not easy since the real estates are allocated in various geographical areas of the country.

However the audit is to be for these companies also and also needs to be done as per the standards.

The audit procedure however has to be changed for these companies since they have a different structure.

The audit program need to be divided and the duties are to be assigned to various auditors who visit the property personally and do a audit. They then submit the audit report to the main auditor and at the end the audit report received from various different auditors are merged and consolidated and a final report prepares.

if in case there has been a issue in any of the report that has been submitted from a different geographic location then the detailed audit is done for that location and if in case there has been a diverse issue found this is noted in the main audit report of the company.

.

Similar Solved Questions

1 answer
Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove...
Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,900 units, and monthly production costs for the production of 1,400 units follow. Morning Dove's utilities and maint...
1 answer
What is the slope of the line perpendicular to # y=6/5x-2 #?
What is the slope of the line perpendicular to # y=6/5x-2 #?...
1 answer
Analyzing the Marketing Environment- Select one of the macroenvironments of marketing described in the lecture, such...
Analyzing the Marketing Environment- Select one of the macroenvironments of marketing described in the lecture, such as demographic, cultural, economic, political, social, and technological, and a product category. Briefly summarize your selection (macroenvironment). What do you think are the three ...
1 answer
PDC Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2016,...
PDC Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2016, the company has the following stock transactions. Journalize the transactions for PDC Corporation. Jan. 15 Issued 700,000 shares of stock at $7 per share Dr. Cash $ 4,900,000 Cr Paid-in Capital in Exce...
1 answer
QUESTION 18 A photocopier cost $104,000 when new and has accumulated depreciation of $95,000. If the...
QUESTION 18 A photocopier cost $104,000 when new and has accumulated depreciation of $95,000. If the business discards this plant asset, the result is again of $9000 a loss of $9000 • a loss of $95.000 no gain or no loss QUESTION 19 Social Security (FICA) tax is withheld from the employees'...
1 answer
Colligative properties, need to calculate the molar mass of the unknown substance: Can you please show the work for this problem? Thanks! 13 A solution was prepared by dissolving 59.82 g of an unknow...
Colligative properties, need to calculate the molar mass of the unknown substance: Can you please show the work for this problem? Thanks! 13 A solution was prepared by dissolving 59.82 g of an unknown (non-ionic) substance to 100.0 g of water. The boiling point of this solution was measured to be 1...
1 answer
-/8 Question 18 of 50 View Policies Current Attempt in Progress Pancho Company reported net income...
-/8 Question 18 of 50 View Policies Current Attempt in Progress Pancho Company reported net income of $240,000 for 2020. Pancho sold equipment that cost $108,000 and had a book value of $64,800 for $54,800. The comparative balance sheet shows a decrease in accounts receivable of $21,000 for the year...
1 answer
The reaction between iron(II) (Fe2+) and dichromate (Cr, O) in the presence of a strong acid...
The reaction between iron(II) (Fe2+) and dichromate (Cr, O) in the presence of a strong acid (Ht) is shown. Cr,O +6 Fe2+ + 14H 2 Cr +6 Fe +7 H,O Determine the volume, in milliliters, of a 0.250 M solution of Mohr's salt ((NH,), Fe(So react with 0.0500 L of 0.250 M potassium dichromate (K,Cr,O,) ...
1 answer
015 10.0 points Consider the following system, where F- 90 N, m-5 kg, and M- 11...
015 10.0 points Consider the following system, where F- 90 N, m-5 kg, and M- 11 kg What is the magnitude of the force with which one block acts on the other? 1. 28.125 N 2. None of these 3. 90 N 4. 198 N 5. 40.9091 N 6. 61.875 N...
1 answer
3. At the beginning of 8.6, we investigated the graph of f(x) = ? and the...
3. At the beginning of 8.6, we investigated the graph of f(x) = ? and the graphs of several partial sums of its series 3x". You are now going to investigate the graphs of (-1)**(x - 2)", which is the series representation of the function f(x) = -centered at a = 2 a. Find the radius and inter...
1 answer
Module 50: Using two 2-to-1 multiplexers, design a circuit which takes two signal bits, s, and...
Module 50: Using two 2-to-1 multiplexers, design a circuit which takes two signal bits, s, and so and connects x, to y, in the following way: X1 EECS 140/141 (Fall 2018)...
1 answer
REQUIREMENT Discuss the importance of management accounting information on the following aspects: 1. The importance of...
REQUIREMENT Discuss the importance of management accounting information on the following aspects: 1. The importance of management accounting to an organisation. 2. The characteristics of management accounting information. 3. How the comparable and comprehensible characteristics of the management acc...
1 answer
How do you write an equation in point slope form given (2,2) m= -3?
How do you write an equation in point slope form given (2,2) m= -3?...
1 answer
How to Prepare for a 5- Kilometer Race Preparing to run in a 5- kilometer race...
How to Prepare for a 5- Kilometer Race Preparing to run in a 5- kilometer race needs to begin 8 weeks before the scheduled day of the race. The first and most important thing to do is to check with your doctor to make sure you are healthy enough to run in a 5- kilometer race. Establish a Running Pla...
1 answer
Griggs Company produces a single product with a current selling price of $170. Variable costs are...
Griggs Company produces a single product with a current selling price of $170. Variable costs are $130 per unit, and fixed costs per month average $6,240. Management is considering increasing the selling price to a proposed $190 per unit. Assume that the variable cost per unit of the product and mon...
1 answer
For Exercises 1-15, prove or disprove the given statement. 1. The product of any three consecutive...
For Exercises 1-15, prove or disprove the given statement. 1. The product of any three consecutive integers is even. 2. The sum of any three consecutive integers is even. 3. The product of an integer and its square is even. 4. The sum of an integer and its cube is even. 5. Any positive integer can...
1 answer
A net loss should be shown as a(n) Select one: a. addition on the Balance Sheet....
A net loss should be shown as a(n) Select one: a. addition on the Balance Sheet. b. addition on the Income Statement. c. subtraction on the Statement of Owner’s Equity. d. addition on the Statement of Owner’s Equity....
1 answer
8. Edna's preferences over romantic comedes zı and horror flicks z2 is given by u =エ122,...
8. Edna's preferences over romantic comedes zı and horror flicks z2 is given by u =エ122, which implies MU = z2 and MUr2 = zł. The prices of each are P1 and P2 per movie. Edna's monthly budget for movies is n (a) Solve algebraically for Edna's ordinary demand for romantic...