Jen: This is The PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back again with Carlos Gomez, an Audit Manager and one of the faces of our PKF Texas Contract Compliance Services team. Carlos, welcome back to the Playbook.
Carlos: Hi, Jen.
Jen: Can you give me a little bit of background – what is a management or an operational agreement audit?
Carlos: What these typically entail is we have a client who has a third party that manages – whether it’s residential or commercial buildings – for them and their tenants.
Jen: What types of things are involved in this audit? Are there any risks associated with doing this type of audit?