Off-plan sales projects are among the government initiatives launched by Saudi Ministry of Housing in 1438 AH With the aim of stimulating the real estate sector and providing diverse housing options for citizens, and supervised by a committee Wafi Which determines the terms and conditions necessary for the disbursement operations of real estate developers.

One of the most prominent requirements of “Wafi” to ensure transparency and integrity of financial transactions in these projects is: Mandatory supervision by a certified public accountant, as this is considered an essential element in ensuring that the process runs smoothly and safely.

The role of a certified public accountant includes the following tasks:

• Review financial documents: Check all documents to ensure their validity and accuracy.
• Approval of exchange operationsVerify and approve disbursement requests in accordance with the escrow account regulations.
• Monitor unit salesEnsure that sales amounts are received and transferred directly to the escrow account.
• Preparing periodic financial reportsSubmit comprehensive reports every three months to the relevant authorities to ensure continuous oversight.