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    What are the consequences for an auditor providing false project reports?

    Ali Faizan Syed1 min read0 viewsUpdated 1/2/2026
    RERA relies on certified auditors to monitor the financial health of off-plan projects. If an auditor deliberately issues a false report on a developer's financial position or conceals essential facts, they face criminal and financial penalties. The law mandates an imprisonment sentence and a fine of at least AED 100,000, or both, for such actions. This strict enforcement is vital for maintaining the transparency of the Escrow Account system and protecting the funds paid by investors.

    Related Topics:

    Auditor Penalties
    False Financial Report
    Project Transparency
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