NUF Chartered Accountants provides independent RERA service charge audit services for owners' associations, property managers, developers and real estate communities across the UAE. Our auditors review service charge budgets, collections, expenditures, owner balances and Mollak records to issue service charge audit reports and support financial transparency.
Speak with NUF Chartered Accountants about service charge audits, Mollak reconciliation, owner ledger review and service charge audit reporting.
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A RERA service charge audit is an independent review of service charge budgets, collections, expenditures, owner balances, Mollak records and supporting documentation for managed properties or communities. The audit helps verify service charge calculations, review fund utilization and improve financial transparency for owners, property managers, developers and stakeholders.
Independent audit of service charge budgets, collections, expenditure records and supporting documents.
Reconciliation of Mollak records with accounting systems, owner ledgers and supporting documentation.
Review of service charge calculations, allocations, assumptions and supporting records.
Verification of expenditures and service charge fund usage against available records and approved budgets.
Verification of owner balances, collections, receipts, outstanding amounts and ledger movements.
Preparation of service charge audit reports based on audit procedures, findings and engagement scope.
Starter Package
Ideal for small residential buildings
Growing Package
Ideal for mixed-use properties and communities
Custom Package
Ideal for large communities and complex developments
ⓘ Fees depend on the number of units, property type, Mollak records, transaction volume, service charge complexity, owner ledger quality and reporting requirements.
Commonly Requested Records
We review the property structure, Mollak records, service charge framework, reporting requirements and engagement scope.
We examine Mollak records, service charge budgets, financial information, owner ledgers and supporting documents.
We reconcile collections, expenditures, owner balances and service charge fund movements against supporting records.
We document findings, reconciliation differences, audit observations and service charge reporting outcomes.
We issue a structured service charge audit report based on the agreed audit scope and procedures performed.
Variances in allocation methods, owner share calculations or budget assumptions may require review.
Differences between Mollak information, owner ledgers and accounting records may require investigation.
Expenses without sufficient invoices, contracts or approvals can affect service charge reporting.
Discrepancies between owner statements, collections and outstanding balances may impact reporting accuracy.
Incomplete records or inconsistent reporting may require additional audit procedures and management action.
A service charge audit reviews service charge budgets, collections, expenditures, owner balances and supporting records to assess accuracy, transparency and reporting consistency.
Statutory Audit Services
Internal Audit Services
IFRS Compliance Services
VAT Services
Accounting & Bookkeeping
Management Reporting
NUF Chartered Accountants provides independent service charge audits, Mollak reconciliation, owner ledger review and service charge audit reporting for real estate properties and communities across the UAE.
Contact our team to discuss your RERA service charge audit and Mollak review requirements.
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