{"id":87708,"date":"2023-12-21T00:00:00","date_gmt":"2023-12-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/accountability-authority-replaces-supreme-audit-institution\/"},"modified":"2023-12-21T00:00:00","modified_gmt":"2023-12-21T00:00:00","slug":"accountability-authority-replaces-supreme-audit-institution","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/","title":{"rendered":"Accountability Authority replaces Supreme Audit Institution"},"content":{"rendered":"

The newly-established UAE Accountability Authority is now replacing the Supreme Audit <\/strong>Institution<\/strong>, after President Sheikh Mohamed Al Nahyan issued Federal Decree Law No. (56) of 2023 to establish the authority, Wam<\/a> reports.<\/p>\n

Its role + functions:<\/strong>The new entity, which will report directly to the president, will oversee financial control, auditing, integrity, and transparency in the country, in a bid to uphold and enhance the integrity of public finances. The authority will be responsible for reviewing and auditing the federal government's Consolidated Annual Report, auditing annual financial statements under its purview, and evaluating internal control systems. It also establishes key policies on integrity and anti-corruption, approved by the UAE president.<\/p>\n

Overseeing government accountability:<\/strong> The authority is also tasked with ensuring the efficiency and cost-effectiveness of government entities\u2019 financial and operational activities, while also ensuring their compliance with laws, legislation, regulations, policies, decisions, and principles of good governance. <\/p>\n

The authority can investigate complaints related to fund misappropriation<\/strong>, conflicts of interest, and misuse of authority, aiming to protect whistleblowers and recover public funds. It can also audit government entities\u201d audit documents, electronic systems, data and digital records. <\/p>\n","protected":false},"excerpt":{"rendered":"

The new entity, which will report directly to the President, will oversee financial control, auditing, integrity, and transparency in the country.<\/p>\n","protected":false},"author":1,"featured_media":87709,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1561],"tags":[493,7,494,133,160],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-watch","tag-accountability-authority","tag-enterpriseam-uae","tag-federal-decree","tag-legislation","tag-regulation-watch","wpautop","entry"],"acf":{"mongo_id":"3d48d62e-8eef-4b1a-8d42-40b0b52c0d80","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/1398.jpg","photo_position":"below","homepage_title":"","full_issue_title":"The Accountability Authority will oversee government entities for efficiency and cost-effectiveness","related_issue":[87700],"teaser":"The new entity, which will report directly to the President, will oversee financial control, auditing, integrity, and transparency in the country.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.64ce682c-d473-40bb-9970-16622ba3d6c3.mp3"},"yoast_head":"\nAccountability Authority replaces Supreme Audit Institution - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accountability Authority replaces Supreme Audit Institution\" \/>\n<meta property=\"og:description\" content=\"The new entity, which will report directly to the President, will oversee financial control, auditing, integrity, and transparency in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1398.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Accountability Authority replaces Supreme Audit Institution\",\"datePublished\":\"2023-12-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/\"},\"wordCount\":189,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1398.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Accountability Authority\",\"EnterpriseAM UAE\",\"federal decree\",\"legislation\",\"REGULATION WATCH\"],\"articleSection\":[\"REGULATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/21\/accountability-authority-replaces-supreme-audit-institution\/\",\"name\":\"Accountability Authority replaces Supreme Audit Institution - 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