DLD enhances auditing standards and controls on annual budgets for JOPs
Standards and controls for auditing annual budgets for service charges and financial reports for jointly owned properties (JOPs) in Dubai have become more established and tightened after the Real Estate Regulatory Agency (RERA) at Dubai Land Department (DLD) signed agreements with 27 audit offices. This came within the framework of RERA’s constant keenness to enhance the principle of governance and control on JOPs through auditing firms and strengthening the strategic relationship and work with DLD’s partners by establishing an audit process for the audit firms to enhance and complete the audit process and related transactions.