Escrow Trust Account in Dubai, Escrow Trust Account Service in Dubai

AA & Co. is among the approved list of Auditors qualified for executing RERA and Owner’s Association Audit.

Full scope of this services is as follows:

The scope of a RERA audit includes:

a) Financial Audit – To review:

A list of units sold, units cancelled and cash received from buyers
Mortgage/finance amount received for the project from financial institutions
Retention a/c balance and verify it represents 5% of total funds received
Paid land costs and other related payments (registration fees, oqood etc.)
Project construction, management & marketing related payments
Advance payments released to the contractor(s) or other parties
Advance payment guarantee and performance bond issued

b) Operational Audit – To assess the effectiveness of control environment and activities of the company.

c) Compliance Audit – To verify whether or not the developer is in compliance with the applicable real estate laws & regulations as required by RERA.

Escrow Trust Accounts

Our Services : –

Audits & Attestation
Financial Advisory & Consultancy
Outsourcing Accounts & Finance Department
Software Solutions & Implementation For Business
Company Formation And Liquidation Of UAE Companies
Financial Expert in UAE Courts
Escrow Trust Account & Owner’s Association & Developer’s Audit