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Owners Association / Strata Auditing Dubai, UAE


Owner’s Association & Strata Auditing in UAE

Owners Association is the organization of homeowners of a subdivision condominium or unit. Their job is to maintain and preserve the houses and properties given to them, managing and administering them on behalf of the owners. They are the ones who readily provide services, impose fines, ensure security, enforce rules and regulations, and engage with authorities.

Serving as one of the premier auditors for owners association in Dubai, the services that we are offering have the scope of audit work that is designed to ensure that a client complies with RERA (Real Estate Regulation Authority) rules, regulations, and requirements and to ensure that the financial statements, in all material aspects, represent a fair record of the Owners Association assets and liabilities, equity, financial position, and results of operation for the given year by accepted accounting principles and relevant legislation in the United Arab Emirates (UAE).

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Top Auditors for Owners Association in Dubai, UAE

أفضل مدققي حسابات جمعيات الملاك في دبي

With more than 30 years of experience in our hands, our excellent service extends to the Owners Association and Strata Auditing in Dubai. We do not take lightly the compliance that we should all have with the rules of the land. We will make certain that all the requirements that are stated in the law are met by you.

Being one of the best auditors for the Owners Association in Dubai, we give value to our clients as we are also one of the top auditing firms in Dubai, taking care of project development audits of businessmen. We ensure that you gain the benefits of an audit when working with us by letting us provide you with quality service. The accountants who work with the auditors are also the ones handling the consultation and processing of VAT in UAE services that we offer. These same people manage the needs of organizations when it comes to bookkeeping and accounting services and our payroll and HR solutions that we offer for companies that need their HR duties to be handled. We are also willing to provide you with more services that we offer, such as trademark registration in Dubai and its renewal, the winding-up of a firm or deregistration of a company when needed, and looking into documents, and activities of your company to discover fraud as we are a certified fraud examiner as well.

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strata auditing in dubai

What Are the Benefits of Strata Auditing?

  • Compliance with RERA (Real Estate Regulation Authority) and Land Department rules and requirements
  • Legalization of company accounting books and financial statements
  • Annual audit report for the associations
  • Implementation of a company-accepted accounting system & internal controls
  • Accurate financial and accounting reporting

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VAT courses

Services Offered by Us for Strata Auditing & Owners’ Associations

We, Farhat & Co., offer a variety of services with our extensive experience and knowledge in this field. We conduct revision/audit, which covers the following:

A. Revenue of the Owners Association

  • Service charge amount received from Master Community, if any
  • Service charges received from Building Administration, if any
  • Other received amount and other revenues, if any

B. Expenses of the Owners Association Such as:

  • Cleaning Contract
  • Cradle Contract
  • Generator Maintenance Contract
  • Management Fees
  • Pest Control
  • Security Guard/Life Guard Contract
  • Utility—Chilled Water
  • Utility—Water and Sewerage
  • Floral Contract
  • Sundry Expenses
  • Consultancy Fee
  • Furniture and Fittings
  • Club House Services
  • Fire Protection Contract
  • Lift Maintenance Contract
  • MEP Contract
  • Service Charge Master Community
  • Swimming Pool
  • Utility—Electricity
  • Waste Management Contract
  • General Repairs and Maintenance
  • Insurance
  • Bank Charges
  • Painting and Surface Finishes

C. Budgeting for the Owners Association

D. Financial Statements for the Owners Association

  • Balance sheet, cash flow statements, sources, and usage of fund