FATcity's retail component will breathe new life into Andrews Avenue.

MIAMI—With South Florida's building boom slowing down, developers are speeding up to bring projects to market. However, in the process many joint-ventures can skip critical financial steps that result in little room for error when it comes to the bottom line.

GlobeSt.com caught up with Steve Klein, a partner at Miami-based accounting firm Gerson Preston, to get his insights on why developers involved in a joint-venture should conduct regular audits. His answers could save you big bucks.

GlobeSt.com: How do developers benefit from auditing a joint venture from inception of the project to its conclusion?

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