RERA and Owner’s Association Audit

Asad Abbas & Co

Financial Audit Services Offered By Leading RERA Approved Auditors

Escrow Trust Account and Owner’s Association and Developer’s Audit

The audit service provided by Asad Abbas & Co. is designed to ensure that the client adheres to the Land Department’s rules, regulations and requirements and to ensure that the Financial Statements, in all material respects, represent a fair record of the company’s assets and liabilities, equity, financial position and results of operation for the given year in accordance with the Act on Accounting and relevant legislation in UAE.

Benefit From The Expertise Of RERA Approved Auditors

The services provided by our RERA approved Auditors adhere to International Auditing standards, which ensure that we plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free from material misstatements. Our team consists of auditors who are approved in Mainland and Free Zones and are trusted by clients based on our years of experience in the industry and professional advice. We take the load from our clients by providing fast and reliable auditing services.

Scope Of Services Offered By RERA Approved Auditors as follow:


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 constructions, management and marketing related payments; and

  • Advance payments guarantee and performance bond issued.

To assess the effectiveness of the control environment and activities of the Company.

To verify whether or not the Developer is in compliance with the applicable Real Estate Laws and Regulations as RERA required.

Connect With Asad Abbas & Co. Today!

Speak with our highly-qualified and reliable Auditors at Asad Abbas & Co. (Chartered Accountants).

Call or send WhatsApp at +971562192484 or email

Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis, and are not required to follow the generally accepted accounting principle

Tax accounting in the United States concentrates on the preparation, analysis and presentation of tax payments and tax returns. The U.S. tax system requires the use of specialised accounting principles for tax purposes which can differ from the generally accepted accounting principles (GAAP) for financial reporting.

Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.