ESCROW ACCOUNT AUDIT IN DUBAI
RERA stipulates that property developers establish individual ESCROW accounts for each real estate project in development. This separation facilitates an organized approach to project management and increases transparency into financial transactions.
In addition to the establishment of ESCROW accounts in Dubai, RERA requires that each account be audited annually. These audits cover project financial statements and cash flows, and provide assurance to clients and investors that each project is being accurately and satisfactorily managed.
Al Saadi & Associates is certified to execute these audits in partnership with RERA. We conduct all of our audits by taking the time to learn about your organization and your individual needs, and tailoring our approach so that we cover your specific risk areas. The outcomes of our audits are increase risk management, cost savings, and confidence in your internal controls and financial processes.
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