What are the most important audit and assurance services for real estate and construction companies?

Audit and assurance services typically include financial statement audits, internal audits, SOC examinations, reviews, compilations, and agreed-upon procedures to help ensure accurate reporting and regulatory compliance.

How can internal audit outsourcing help a construction firm improve controls and efficiency?

Outsourced or co-sourced internal audits give construction companies access to experienced auditors who can strengthen internal controls, streamline processes, and verify compliance with lender and stakeholder requirements.

What are SOC examinations, and why are they relevant to real estate businesses?

SOC (System and Organization Controls) examinations assess how service organizations protect financial and operational data. Real estate and construction companies rely on these reports to demonstrate reliability and control effectiveness to clients, partners, and investors.

Why are internal control reviews essential in the construction industry?

Internal control reviews help detect weaknesses that can lead to errors or fraud. In construction, they ensure that job-costing, project billing, and financial reporting processes are accurate and well-documented.

What is debt issuance compliance, and when should it be reviewed?

Debt issuance compliance reviews verify that an organization meets the covenants, reporting requirements, and financial ratio obligations set by lenders or bondholders—essential for real estate projects financed through complex structures.

How does a real estate audit support investor confidence and transparency?

A real estate audit provides objective assurance on a company’s financial statements, helping investors and lenders trust the accuracy of reported results and the strength of internal governance.

Real Estate and Construction Audit and Assurance

Along with our affiliate company, Realty Trust Group, PYA has an extensive service offering for real estate and construction companies. Our team understands the unique risk and complex challenges facing the industry. We use a risk-based approach to bring assurance to you and your stakeholders.

Our Real Estate & Construction Audit & Assurance Services

Audit

Audits of Financial Statements
Audits under Uniform Guidance (Single Audits)
Audits of Employee Benefit Plans
System and Organization Controls (SOC) Examinations

Assurance

Outsourcing or Co-sourcing of Internal Audit Functions
Reviews and Compilations of Financial Statements
Debt Issuance and Compliance Monitoring
Agreed-Upon Procedure Reports and Special Reporting

Advisory

Internal Control Reviews and Risk Assessments
New Accounting Standard Implementation
Accounting Policy and Procedure Manual Development
Fraud and Forensic Investigations and Dispute Resolution
Financial Due Diligence and Quality of Earnings (QoE) Analysis
Transaction Accounting Assistance
Financial and Statistical Analysis

Audit, Assurance, and Advisory Support for Real Estate and Construction

Real Estate and Construction Audit and Assurance Services

Financial Statement Audits and Industry-Focused Assurance

Real estate and construction companies face reporting demands tied to lenders, investors, owners, and other stakeholders who expect accurate financial information and reliable assurance. PYA provides financial statement audits, Uniform Guidance audits, employee benefit plan audits, and SOC examinations tailored to the risks and operating realities of the real estate and construction industry.

Internal Audit, Compliance Monitoring, and Risk Assessment

Strong controls and disciplined oversight are essential in an industry shaped by project risk, financing requirements, and changing reporting obligations. PYA assists organizations with internal audit outsourcing or co-sourcing, debt issuance and compliance monitoring, agreed-upon procedures, internal control reviews, risk assessments, and accounting standard implementation support.

Advisory Support for Transactions, Disputes, and Financial Analysis

Real estate and construction businesses often need more than traditional assurance services. PYA provides fraud and forensic investigation support, dispute resolution services, financial due diligence, Quality of Earnings assistance, transaction accounting support, and financial and statistical analysis to help organizations evaluate risk and make informed decisions.

The PYA Difference

Over our 40-year history, PYA has consistently delivered high-value advisory services to our national client base. Our team is deployed to develop custom plans using proven approaches and work plans.

Independence

Private ownership means we answer only to our clients, not to third-party investors, giving us the freedom to be thorough and thoughtful in our work. We judge our success by our clients’ success.

Relationships

We value long-term relationships and work hard to maintain them. Our commitment to client relationships and the communities we serve remains constant.