PCAOB Staff Report Highlights Important Auditing Considerations Related to Commercial Real Estate

Today, the PCAOB released a new staff Spotlight report, “Auditing Considerations Related to Commercial Real Estate(PDF).” 

This staff Spotlight highlights important considerations and examples for auditors related to commercial real estate (CRE), as they plan and conduct audits and reviews of interim financial information in many industries with CRE exposure. For example, the report provides a specific set of questions that auditors may want to consider in the context of identifying and assessing risks, including the risk of fraud. The Spotlight also provides reminders in the following key areas: 

• Asset impairment and allowance for credit losses
• Going concern
• Interim review considerations 

Visit the PCAOB’s Staff Publications page for more resources on the PCAOB's activities and observations. 

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.