TURNOVER AUDIT

Turnover Audit Process in Shopping Malls

Lease contract is taken from shopping mall management, turnover based rent calculation method, minimum rent tresholds and declaration obligations of the tenant and control article will be reviewed.

The list of declarations made by the tenant during the term to be revieved, is demanded.

If the contract authorizes the mall management to appoint the independent auditors, the tenant shall be informed with a letter of authority (except for controls to be sampling)

First of all, the office of the tenant in Shopping mall, is reviewed, then information about the system is collected.

An audit plan is customised in accordance with the business type of the tenant and the process is initiated.

Cross check of the findings documented with Sampling Audit reports by comparing with the records and documents reached during audit.

Audit findings and rental loss ( if there is), are reported and delivered to the management of mall

Turnover Audit