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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

SFAAI submits annual report to His Majesty

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Muscat: The State Financial and Administrative Audit Institution (SFAAI), submitted its annual report to His Majesty Sultan Qaboos on Monday.
SFAAI Chairman Shaikh Nasser bin Hilal al Maawali sent a copy of the report to the Council of Ministers, Majlis Ash’shura and State Council.
The report was prepared based on international standards and includes observations from auditing of the state’s administrative apparatus, as well as some companies, public bodies and institutions.
SFAAI issued 239 supervisory reports which were communicated to the concerned authorities including observations and recommendations. The first part of the report deals with the state’s administrative apparatus.
The second part of the report covered public companies, bodies and institutions. SFFAI started its financial and administrative auditing of these companies, public institutions and pension funds covered in accordance with the International Accounting and Auditing standards, and regulations and the guidelines issued by the International Organization of Supreme Audit Institutions (INTOSAI).
The third part of the report deals with the promotion of integrity and combating corruption. The Sultanate acceded to the United Nations Convention against Corruption by the Royal Decree No. 64/2013 and ratified the Arab Convention against Corruption under the Royal Decree No. 28/2014.




SFFAI was entrusted to follow up the implementation of the provisions of the United Nations Convention against Corruption, and assumed the duties of the Anti-Corruption Commission. It is worth mentioning that SFFAI has recently completed its review of the Sultanate’s implementation of the second session of the second chapter (preventive measures) and the fifth (asset recovery) of the Convention. The draft national strategy for the promotion of integrity and combating corruption and the draft code of conduct for public officials have also been prepared. The constructive cooperation between SFFAI and the various state institutions contributed in preserving public money and safeguarding the homeland’s earnings. — ONA



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