The UAE Financial Accountability Authority has issued a set of new regulations aimed at enhancing the monitoring and auditing system in the regulated sectors, with the goal of improving the quality of audit outputs to ensure compliance in the financial and administrative sector.
In this context, the Authority asserted that these regulations come within the framework of the continuous development of regulatory work, enhancing transparency and accountability within government entities and companies.
The Authority confirmed that these measures will contribute to improving institutional performance and enhancing quality and excellence policies in performance, thereby strengthening public trust in the financial and administrative sectors in the state.
In light of these regulations, the responsible party pointed to the importance of the commitment of government entities and companies to the requirements of monitoring and auditing to ensure the safety of financial and administrative operations, preserve public resources, and ensure sustainable usage in various sectors.
