Particularities of Real Estate Investments Accounting and Audit

Author:ec. Lucian STOICESCU, ec. Laurenţiu STANCIU

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Keywords:scenario, rezidential market, accounting treatements, objectives, risks, audit evidences

Abstract:
In recent years, on the ground of a continuous development of the Romanian property investment market development, the business of real estate companies have been flourished. These companies became subject to „globalization”, in the sense of mergers, acquisitions, partnerships with multinational companies. In oder to provide users of financial statements (particularly investors) with a true and fair view of financial position, performance and cash flow statement, accounting reports according to IFRS are needed. \r\n\r\nOur study highlights some of the particular aspects relating to real estate company’s accounting and financial statement audit focused on IAS 40 „Property Investments”.\r\n

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