Audit Services for Project Developers In UAE
Property management and development are significant businesses that involve high risks and high rewards. As a result, most countries around the world have strict laws when it comes to regulating such processes and enterprises. Hence, most large firms take the help of audit firms for a range of audit services for project development. In the UAE, such Audit Services for Project Developers ensure that such companies stay on the right side of the law and maintain the required compliance. Here’s a look at why Audit Services for Project Developers is so essential, and how KGRN can help you with the same.
What is Audit Services for Project Developers?
As per the Real Estate Regulatory Authority laws, better known as RERA laws that came into force in 2007, there are specific mandatory rules that project developers need to follow. For instance, in the UAE, project developers need to mandatorily audit their escrow or guarantee
accounts as per the new rules. Furthermore, project developers also need to maintain compliance as per the laws and regulations laid down by the RERA. Audit Services for Project Developers help ensure that companies maintain the right compliance by auditing their financial
reports and ensuring they are credible.
For enquiries, call +971 45 570 204 / E-mail: [email protected]
Benefits of Audit Services for Project Developers in the UAE:
1. Review all the withdrawals made from your escrow account to ensure there is no malpractice going on
2. Improved credibility and transparency for all your financial reports, returns and statements
3. Ensure that you do not run into legal trouble with Emirati law
4. Attract foreign investors and other creditors by presenting audited and verified financial reports
5. Maintain 100% compliance always with all the RERA laws in place in the UAE
6. Give your company an edge and competitive advantage if, at all, a real estate dispute comes up
7. Identify gaps and inaccuracies in the system and suggest ways to minimize risks and plug the gaps.
For enquiries, call +971 45 570 204 / E-mail: [email protected]
Steps Involved in Audit Services for Project Developers in the UAE:
● Review all the transactions made through your escrow account to ensure that proper documentation is available at the time of filing returns
● Audit and check every file related to property development to ensure that all the information provided to you by vendors is true and accurate
● Furthermore, most audit service providers for project developers also have a team of legal experts well-versed in the field of real estate disputes
● The experts will also help you in filing all your annual returns and papers to ensure you maintain compliance with Emirati laws.
● The team will also audit your project development process to ensure there are no gaps within the workflow that hinders efficiency and productivity.
For enquiries, call +971 45 570 204 / E-mail: [email protected]
KGRN Audit Services for Project Developers in UAE:
KGRN is one of the most renowned Audits and Accountancy firms in the UAE. Therefore, our experts have the experience required to ensure that you meet all the required compliances. Furthermore, our team can also guide you on all matters to do with project development to
ensure that you make the right business choices. KGRN also provides timely and efficient service, ensuring you audit your reports, note all transactions and file all the required returns.
Here’s a quick look at the Audit Services for Project Developers KGRN offers In the UAE;
1. KGRN will check all your reports, statements and documents to ensure transparency and credibility
2. We handle all audit-related checks on all your property documents and transactions
3. Ensure that you comply with the UAE laws and file required forms and returns
4. Review and analyze the operational side of things to ensure that every deal goes through without any hiccups
5. Auditing of Escrow accounts, guarantee accounts and Owner’s Association forms
6. Review and cross-check every transaction and withdrawal from Escrow accounts
7. Act as an intermediary between your company and arbitration centres, land regulatory bodies and the RERA authority
For enquiries, call +971 45 570 204 / E-mail: [email protected]
Why KGRN?
● We help provide you with international market exposure and provide some much-needed credibility to your property development business
● We have a simple, yet elegant and business-friendly approach that leads to a quick resolution of all issues and queries
● We offer adaptable and flexible services that will help you with all your legal
requirements
● We maintain a high level of privacy regarding your details
● Get a comprehensive analysis of all your business processes and operations to identify gaps inefficiency.
● Our experts will make sure that you always stay on the right side of the law by ensuring 100% compliance.
For enquiries, call +971 45 570 204 / E-mail: [email protected]