ARE Austrian Real Estate GmbH (Group)

From September to December 2017, the Austrian Court of Audit (ACA) carried out an audit at the ARE Group, which belongs to the Federal Real Estate Company (Bundesimmobiliengesellschaft m.b.H.) comprising the ARE Austrian Real Estate GmbH, the ARE Austrian Real Estate Development GmbH, the ARE Holding GmbH and the ARE Beteiligungen GmbH. The ACA audit also targeted the Federal Ministry of Science, Research and Economy, which was responsible for the group at the time of the audit (since 8 January 2018, the group has fallen under the responsibility of the Federal Ministry of Finance), and the BIG itself. The audit aimed at assessing the establishment, the organization, the performance of tasks, the financial and economic situation, the compliance management system and the internal control system. The audited period spanned the years from 2012 through 2017.