How does RERA audit the revenue and expenditure of property accounts?

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Ali Faizan Syed · Accepted Answer

RERA is empowered to inspect and audit the management of all jointly owned property. This includes auditing all revenue credited and expenditure debited to both the Service Charges and Usage Charges accounts. For this purpose, RERA can request any information or statements and may hire a certified auditor to verify the books. They also audit the specific contracts concluded between the management entity and service providers like security or cleaning firms to ensure that the owners� money is being spent appropriately.

How does RERA audit the revenue and expenditure of property accounts?

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Ali Faizan Syed