Coordinate with Auditors and tax authorities, reply their requests /queries till issuance of FSs (incl. subsequent formal doc. e.g. BoD.
Ensure existence or initiate an MOU/contract/ quotations with Construction & Project Mgmt. Depts. covering the sold unit(s) to start const.
Review, in coordination with Project Mgmt. dept., the “Construction Progress Reports” (abstract and sub contractor invoices incl. % of completion) considering revenue targets & handover commitments.
Ensure matching of revenue & cost, reasonableness of values.
Review proper recording and allocation of construction & infra. costs/ WIP of units and extra works; according to internal policies in alignment with relevant IFRS & local GAAP; after revising the relevant documents.
Review proper recording & allocation of other COGS ( e.g Design, commissions, golf, land, etc.)