What to Expect from Your Audit Report
An independent audit provides clarity on property costs, uncovering errors, misallocations, and potential overpayments. Understanding what to expect from your audit report helps landlords, project managers, and facilities managers prepare for the findings and take informed action. EG-Audit delivers structured, transparent, and actionable reports designed to make property finances clear and manageable.
Clear Summary of Findings
Every audit report begins with a clear summary of findings. EG-Audit provides an overview of any discrepancies identified, overpayments uncovered, and areas of concern. The summary is written in straightforward language, highlighting the most important issues first, so property professionals immediately understand where attention is needed and what actions may be required.
Detailed Line-by-Line Analysis
The core of the audit report is a detailed line-by-line analysis of invoices, contracts, allocations, and service charges. Each charge is verified against supporting documentation, meter readings, and contractual obligations. EG-Audit provides evidence for every discrepancy or error, ensuring transparency and allowing clients to see exactly where overpayments or mischarges have occurred.
Financial Impact Assessment
Understanding the financial implications is critical. The audit report quantifies overpayments, misapplied fees, and other errors, showing their impact on total property costs. EG-Audit breaks down each error to provide a clear view of the amounts recoverable or the potential savings achievable. This ensures that clients can make informed decisions regarding corrective actions or renegotiation of charges.
Recommendations for Corrective Action
The report includes actionable recommendations to correct errors and prevent future overpayments. EG-Audit outlines steps for engaging suppliers, adjusting allocations, or recovering funds. Recommendations are practical, prioritised by impact, and tailored to the specific property or portfolio, allowing landlords and managers to take immediate and effective action.
Supporting Evidence and Documentation
EG-Audit provides supporting evidence for each finding. This includes copies of invoices, meter readings, contracts, and any correspondence relevant to discrepancies. Evidence-backed reporting ensures that findings are verifiable, credible, and defensible if challenged by suppliers. Documentation provides a clear audit trail for financial accountability and internal controls.
Benchmarking Insights
Audit reports often include benchmarking insights, comparing costs and allocations to similar properties or market standards. EG-Audit highlights areas where charges are above average or misaligned with industry norms. Benchmarking helps clients negotiate fairer terms, optimise budgets, and identify opportunities for cost savings.
Visual Summaries and Charts
Complex data is presented in clear visual summaries, tables, and charts. EG-Audit translates detailed analysis into intuitive formats, making it easier for clients to digest information quickly. Graphs illustrating trends, overpayments, or allocation discrepancies support strategic decision-making and facilitate communication with stakeholders or tenants.
Action Plan and Next Steps
The audit report concludes with a structured action plan. EG-Audit outlines next steps, prioritising recovery actions, corrective measures, and preventive practices. The plan is designed to guide property professionals through resolving discrepancies efficiently and ensuring that similar issues are prevented in the future. This creates a roadmap for ongoing financial control and budget protection.
Benefits of a Transparent Audit Report
A well-structured audit report provides several key benefits. It gives property professionals clarity on their financial position, identifies overpayments, and provides a defensible basis for recovery or renegotiation. Transparency builds confidence in decision-making, strengthens accountability, and supports proactive cost management. EG-Audit ensures reports are easy to understand, evidence-backed, and practical for immediate implementation.
Take Action Today
Audit reports reveal where property costs can be optimised and overpayments recovered. EG-Audit provides independent, detailed, and actionable reports to give landlords, project managers, and facilities managers the clarity and confidence to act. Book your audit today to receive your comprehensive report and take control of your property costs.
What’s Next?
Find out How Audits Recover Overpayments