Audit Under RERA
Brief about RERA audit
Audit under RERA is an independent examination of projects registered under RERA. A Certificate by a Chartered Accountant is to be issued with intent to express the professional opinion or state the facts based on the information, explanation, documents received from the promoter or developer.
What is RERA audit?
Under RERA AUDIT, A Certificate by a Chartered Accountant is to be issued with set of objects and intentions with intent to express the professional opinion or state the facts based on the information, explanation, documents received from the promoter.
When to conduct RERA audit?
RERA AUDIT needs to be conducted every financial year. After conducting RERA audit report is required to be filed on the official website of RERA in Form -5. An Audited Financial Statements needs to be attached with FORM-5. Form 5 is an annual report on the statement of accounts within 6 months from the end of the financial year.
You need these details to carry out RERA audit
Annual report on the statement of accounts from Statutory auditor. It will certify that amount collected for a particular rera project has been utilized only for such project and withdrawal has been in compliance with the proportion to the percentage of completion
