The UAE’s President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued Federal Decree-Law No. (56) of 2023 on establishing the UAE Accountability Authority.
The new entity will exchange the Supreme Audit Institution, and can report on to the President.
Aimed at sustaining and enhancing the integrity of public funds, the Accountability Authority would be the highest authority for monetary management, auditing, integrity and transparency within the nation.
According to the decree, the Authority’s capabilities embody reviewing and auditing the Consolidated Annual Report of the federal authorities and expressing opinion on it, in addition to auditing separate and mixed annual monetary statements within the entities topic to the management of the Authority.
Its duties additionally embody assessing the effectivity and effectiveness of inner management programs for monetary operations, in addition to setting the supreme insurance policies on integrity and combating monetary and administrative corruption, following their approval by the UAE President.
The Authority can be reviewing and enterprise administrative investigation into complaints and reviews concerning any misappropriation of funds and belongings belonging to the regulated entities, conflicts of curiosity, misuse of authority, disclosure of official information and knowledge, or exploitation of public workplace for private acquire or profit to 3rd events.
It can also be tasked with figuring out robust mechanisms to guard whistleblowers and witnesses, in addition to initiatives to get better public funds.
UAE President points a Federal Decree-Law establishing the “UAE Accountability Authority” pic.twitter.com/4TXgTUwnyJ
— UAEGOV (@UAEmediaoffice) December 19, 2023
