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    What is the penalty for an auditor who hides facts in a project report?

    Ali Faizan Syed1 min read0 viewsUpdated 1/2/2026
    The transparency of off-plan projects relies on certified auditors. If an auditor deliberately issues a false report on a developer's financial position or conceals essential facts, they face severe legal consequences. The law prescribes an imprisonment sentence and a fine of at least AED 100,000 for such actions. This strict enforcement is designed to maintain the integrity of the Escrow Account system and ensure that investors receive accurate information about the progress and financial health of their real estate projects.

    Related Topics:

    Auditor Penalty
    Financial Fraud
    Escrow Monitoring
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