Client Snapshot
Industry:
Commercial Real Estate Development, Investment & Property Management
Location:
Atlanta, Georgia, USA
Portfolio:
Office, Hospitality, Residential, Retail & Mixed-Use
Service Scope:
Audit support, financial reporting, documentation management, and audit coordination
Audit Environment:
Annual financial statement audit by a global audit firm
Key Highlights
Audit Requests Managed:
400+
Financial Reporting:
Comprehensive tie-out and validation
Documentation:
Centralized and audit-ready
Coordination:
Multi-team stakeholder alignment
Client Background
The client is a U.S.-based commercial real estate investment, development, and property management company managing a diversified portfolio across office, retail, hospitality, residential, and mixed-use assets.
Given the scale and complexity of operations, the client required accurate financial reporting, strong internal controls, and efficient coordination between accounting teams, property operators, and external auditors. OHI supported the annual audit process by managing financial analysis, documentation, and audit coordination activities.
Business Challenge
The client needed to manage a complex multi-entity audit while maintaining reporting accuracy, documentation control, and timely response to evolving auditor requirements.
Complex Multi-Entity Audit Environment
The audit involved multiple entities, asset classes, and large volumes of financial data.
High Volume of Audit Requests
More than 400 audit requests required tracking, coordination, and timely response.
Financial Statement Consistency
Frequent revisions created risks of inconsistencies between financials, schedules, and disclosures.
Cross-Functional Coordination
Information had to be collected from multiple teams, properties, and stakeholders.
Technical Accounting Requirements
Impairment assessments and going concern evaluations required detailed financial analysis and documentation.
Managing audit execution required a structured approach to documentation, coordination, and financial validation to ensure accuracy and avoid delays.
OHI's Approach & Solution
Financial Analysis and Audit Support
- Prepared impairment analysis and going concern evaluations
- Developed supporting financial schedules and documentation
- Addressed auditor queries and strengthened supporting evidence
Financial Statement Review and Tie-Out
- Reviewed financial statements and supporting workpapers
- Validated tie-outs across financials, schedules, and disclosures
- Ensured consistency throughout multiple audit revisions
Audit Documentation Management
- Centralized audit documentation across teams and properties
- Reviewed supporting files for completeness and accuracy
- Managed submission of documents through audit portals
Audit Request Coordination
- Maintained a structured audit tracker for 400+ requests
- Monitored request status, ownership, and timelines
- Coordinated with stakeholders to ensure timely responses
Results & Impact
| KPI | Before OHI | After OHI | Impact |
|---|---|---|---|
| Audit Coordination | Manual follow-ups and limited visibility | Centralized audit request tracking | Improved visibility |
| Audit Documentation | Information spread across teams | Organized and centralized documentation | Faster access |
| Financial Statement Accuracy | Frequent inconsistencies during revisions | Validated tie-outs and consistent reporting | Improved accuracy |
| Auditor Communication | Multiple open queries and delays | Structured and timely responses | Faster resolution |
| Audit Readiness | Complex coordination across entities | Structured and organized audit process | Efficient execution |
OHI streamlined the audit process by centralizing documentation, improving financial statement accuracy, and managing over 400 audit requests through a structured coordination framework. This resulted in faster issue resolution, better reporting consistency, and improved audit readiness across the portfolio.
“The audit was successfully completed, and I genuinely appreciate the team’s diligence, responsiveness, and collaboration. Their ability to quickly address auditor requests was critical to an efficient and successful audit.”
Director of Accounting
Georgia-Based Real Estate Firm
Simplify audits and strengthen financial reporting
Improve audit readiness, manage documentation efficiently, and respond to auditor requests faster with structured support.
