Thomson Reuters Corporation has launched a new real estate audit tool, PPC's Practice Aids for Audits of Real Estate Entities. The tool covers audits of nonpublic entities engaged in developing, managing and owning real estate projects for their own use or for sale to others. This includes audits of real estate operators, real estate developers (including homebuilders), and retail land sales developers.

The real estate industry centers on investment in residential, commercial, and multi-use real estate properties. The difficulties associated with auditing real estate projects stem from the complex US accounting literature governing the capitalization of real estate project costs and the recognition of revenue. PPC's Practice Aids for Audits of Real Estate Entities include step-by-step processes, extensive links to related content, and authoritative analysis by renowned industry experts.

In addition, the tool enables real estate audits within the market-leading PPC SMART Audit Suite, which is part of the Thomson Reuters Checkpoint Tools line. The tool is designed to work alone or with all paperless engagement products, providing exclusive integration with Engagement CS and AdvanceFlow, part of Thomson Reuters CS Professional Suite. With its respected content, which includes PPC, Checkpoint is relied on by thousands of professionals around the world to understand complex information, make informed decisions and use knowledge more efficiently.