This audit program can be used by organizations to ensure compliance with the terms of leasing and management contracts.

Sample steps include reviewing the leasing and management contract between the professional building and the management company, performing an overall analytical review of both the latest financial statements and the latest trial balance, identifying cash accounts and reviewing control procedures over the accounts to determine appropriateness and accuracy, determining that all outstanding checks are listed in detail and that all deposits in transit are listed in detail, and determining that the bank reconciliation ties to the general ledger cash balance.