NUF Chartered Accountants provides independent RERA escrow account audit services for real estate development projects across the UAE. Our auditors review escrow account transactions, project expenditures, collections, fund utilization and supporting records to issue escrow audit reports in accordance with applicable regulatory requirements.
Speak with NUF Chartered Accountants about escrow account audit requirements, project fund verification and RERA-related reporting.
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A project escrow account is a designated bank account used for real estate development projects where buyer collections and project-related funds are deposited and used for approved project activities. Escrow account audits review collections, withdrawals, project costs, bank reconciliations and supporting documents to help verify fund utilization and project financial transparency.
Independent audit of escrow account transactions, balances, deposits, withdrawals and supporting records.
Verification of project-related costs, invoices, contracts and supporting documentation.
Review of escrow withdrawals and project expenditure against available records and approved project purposes.
Verification of escrow account balances, bank statements and reconciliation records.
Preparation of escrow audit reports based on the engagement scope and applicable reporting requirements.
Review of audit documentation and escrow records in line with applicable project and regulatory requirements.
Starter Package
Ideal for small projects and early-stage developments
Growing Package
Ideal for mid-sized projects
Custom Package
Ideal for large developments and complex projects
ⓘ Fees depend on project size, escrow transaction volume, number of bank accounts, project cost complexity, reporting frequency and documentation quality.
Commonly Requested Records
We review the real estate project, escrow account structure, reporting obligations and engagement scope.
We examine escrow statements, bank reconciliations, project cost reports, contracts and supporting records.
We perform audit procedures on escrow account activity, buyer collections, withdrawals and project expenditures.
We verify fund utilization, reconciliation records and project cost support based on available evidence.
We issue the escrow audit report based on the audit procedures performed and applicable reporting requirements.
Missing or delayed project records can affect escrow audit timelines and reporting schedules.
Insufficient documentation can make it difficult to verify whether escrow funds were used for project-related purposes.
Differences between escrow bank statements and accounting records require investigation and clarification.
Incomplete invoices, contracts or progress reports may require additional audit procedures.
A RERA escrow account audit is an independent review of escrow account transactions, project expenditures, collections and fund utilization conducted to support regulatory reporting and project compliance requirements.
Statutory Audit Services
IFRS Compliance Services
VAT Services
Corporate Tax Services
Accounting & Bookkeeping
NUF Chartered Accountants provides independent escrow account audits, project cost verification, fund utilization review and escrow audit reporting for real estate development projects across the UAE.
Speak with our team regarding your escrow account audit and reporting requirements.
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