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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

SFAAI refers audit report to HM

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MUSCAT: The State Financial and Administrative Audit Institution (SFAAI) has referred its annual report to His Majesty which includes the audit results for the year 2015. SFAAI has also sent copies of the audit results reports to the Council of Ministers, the State Council and Majlis Ash’shura in accordance with Article (58) bis 42 of the Basic Statute of the State promulgated by Royal Decree 101/96, and Article (29) of the State Financial and Administrative Audit Law promulgated by Royal Decree 111/2011. The 2015 annual report included audit results of the state administrative apparatus in terms of revenues of the public treasury, public expenditures, internal audit systems and the state final account. Besides, the reports included audit results of some investments, firms, public authorities and establishments which are under the supervision of SFAAI. The report also included results of a study on the fiscal laws, systems and regulations which was referred by government departments seeking opinion. — ONA


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