Threats and risks to housing construction companies’ economic security: independent audit role

Independent audit role as an instrument of external independent procedure, involved in the general mechanism of financial control, in identifying threats and challenges to economic security in developer companies specializing in residential construction operating has been studied. On the basis of open data, the indicators of the industry’s state have been analyzed. Attention has been emphasized on the peculiarities of economic security of companies in the housing construction industry, considering the specifics of production and operational cycle. Theoretical components of classification of threats, elements, and risks of economic security of companies the housing construction sphere have been considered. The main difficulties faced by an audit team in the process of accounting (financial) statements verification in such companies have been outlined. The fundamental theses that consolidate independent audit role in the process of identifying and classifying threats to economic security have been substantiated. Scientific novelty of the study results lies in the proposed project and process approach (A.A. Azizov), which sublimates the destructive effects of economic, managerial, and control and supervisory environments of developers specializing in housing construction, and is aimed at creating conditions that help achieving target indicators of national and federal projects to create a comfortable and safe environment for citizens. A risk map has been proposed, which will serve as a scientific imperative of technological tools in determining the strategy of financial and economic activity audit and procedures for identifying threats to developers’ economic security.