The controversial real estate company Adler has lost so much trust that, even with a court order in its pocket, it is still unable to find an auditor.
The annual audit is usually considered routine, but accounting scandals, such as in the case of Wirecard or the also insolvent Greensill Bank, have ensured that auditors avoid explosive mandates.
Apartment landlords play a social role
The hesitation of the auditors' guild is misplaced, because auditors should not just pick out fair-weather jobs.
You should also and especially take care of problem cases like eagles.
After all, as a project developer and landlord, the real estate group plays an important role for society as a whole.
In recent years, the real estate market has boomed thanks to cheap money, but despite dizzying price increases for apartments and houses, the housing shortage has worsened.
The entire real estate industry should have done more to solve the social issue of housing.
Instead, it has increased the balance sheet values of its portfolios - and the auditors have dutifully put their stamp on them year after year.