Shopping Mall Common Area Audit
Mandatory independent audit of common area income and expenses for shopping centres under the 18 August 2022 Regulation, with Ministry of Trade reporting.
A legal obligation — but done correctly, it strengthens tenant relations too.
The regulation dated 18 August 2022 introduced the requirement for shopping centres with a gross leasable area above 5,000 m² to submit their common area income and expenses to an annual independent audit.
Failure to comply exposes the mall to administrative sanctions from the Ministry of Trade. Conversely, a properly conducted audit reduces tenant objections through transparent cost-sharing and reinforces confidence in mall management.
What we do
Common Area Account Audit
Independent review of common area income and expense accounts for regulatory compliance.
Ministry Report Preparation
Preparing the independent audit report to be submitted to the Ministry of Trade in the required format.
Tenant Communication
Transparent communication materials on common cost allocation and answering tenant queries.
Periodic Audit Planning
Establishing annual audit schedules and process standards.
Situations where this service applies
- domain_verification You operate a shopping mall and need to fulfil your statutory independent audit obligation
- groups Tenant objections to common expense accounts have arisen and independent assessment is needed
- description You need support preparing the report in the correct format and content for submission to the Ministry
- calendar_month Past-period reports are incomplete; you need help achieving regulatory compliance
Let's start your mall audit process.
In the first meeting we provide information on scope, timeline and legal requirements.