Audit & Assurance

Transparency. Compliance. Trust.

Standard Chartered Middle East Audit & Assurance sets the benchmark in

Audit, Wafi Support, and Forensics.. |
Our Audit & Assurance services are designed to promote transparency, build stakeholder trust, and ensure regulatory compliance. We deliver ISA-compliant audits that meet international standards while aligning with local regulations. Our team also provides specialized Wafi advisory support for off-plan real estate projects, helping clients navigate complex requirements with confidence. Additionally, our forensic accounting services offer investigative insight to uncover financial irregularities and support legal or regulatory proceedings—empowering clients with clarity and control.

We conduct external audit and assurance efforts in accordance with the ISA. In addition, we adopt the approved standards issued by IFAC and SOCPA for carrying out reviews, assurance services, procedures, and related services.

Our methodology reflects international best practices in risk-based auditing, informed by globally recognized frameworks. We focus on areas of significant risk and materiality, tailoring procedures to each client’s industry and control environment. This approach enhances audit efficiency, supports regulatory compliance, and delivers insights that help organizations strengthen governance and make better decisions. 

Our approach to external audit and assurance includes the following steps:

Plan the review process

Understand the work environment, & identify & evaluate risks

Understand & evaluate internal control systems & procedures

Conduct internal control systems tests

Reevaluate control risks

Examine and audit

Develop report

We have extensive practical experience and a dedicated team of professionals, who are qualified both locally and internationally, specifically trained to perform the confirmations and procedures required to generate the necessary report for the Off-Plan Sales or Rent Committee at the Ministry of Housing in the Kingdom.

These procedures are conducted with strict adherence to regulatory guidelines issued by the Ministry of Housing and Wafi Program. Our team applies meticulous controls and standardized documentation practices to ensure full traceability, financial accuracy, and alignment with committee expectations.

Some of these procedures include:

Verifying supporting documents to facilitate project disbursement.

Approving classified expenditure docs (classification) by amount, quantity, and date.

Verifying documents related to the Off-Plan Sales or Rent Committee, whether within or outside the escrow account.

Ensuring complete documentation and accurate payment calculations.

Presenting a thorough advisory report to the General Secretariat of the Off-Plan Property Sales Committee.

Forensic Accounting : An Accredited Expert Entity

Standard Chartered Middle East, Audit & Assurance (LLC), is an accredited expert entity by the Ministry of Justice, designated to serve ministry beneficiaries. We are authorized to provide consultations on a range of judicial matters through the electronic services platform, “Khibrah”

With a wealth of professional experience, practical expertise, and proven competence, Standard Chartered Middle East, Audit & Assurance (LLC) is supported by a highly qualified Saudi partner who holds both practical and professional credentials in judicial affairs. The partner ensures meticulous oversight of Khibrah expert services, guaranteeing their exceptional quality, and excels in delivering top-notch reports that adhere to the established standards in the Kingdom of Saudi Arabia.