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New York

The argument for audits

Financial forensics on rise for real estate players, as partners seek protection before teaming up

From the January issue: While the ailing economy has hindered some real estate firms in the last few years, it has spelled opportunity for others. Among the beneficiaries? Auditors, who say they’ve seen an increase in demand for their services, especially among real estate investors involved in joint ventures.

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In recent years, industry experts said, some real estate players have turned to underhanded methods to increase their income and ease financial woes, often without the knowledge of their partners. And tough times tend to make indiscretions more noticeable. [more]