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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

SFAOA releases summary of its activities and accomplishments

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MUSCAT: In the Sultanate of Oman, transparency, accountability, and integrity are not mere buzzwords but guiding principles deeply ingrained in the nation's governance. The State Financial and Administrative Oversight Authority (SFAOA) plays a pivotal role in upholding these principles, as revealed in its annual report for the year 2022.


As the custodian of fiscal probity, SFAOA released a comprehensive summary of its activities and accomplishments, providing an insightful glimpse into its vital role in the governance of the state. This summary was a testament to the authority's commitment to His Majesty Sultan Haitham bin Tarik's vision of fostering a culture of transparency and accountability across all sectors of the government, ensuring that the public actively participates in strengthening the control system to realize national objectives.


The issuance of this summary came after the Chairman of the SFAOA had the honour of submitting the annual report to His Majesty Sultan Haitham bin Tarik and copies to the Council of Ministers and the State and Shura Councils, following the provisions outlined in the Basic Law of the State and the State Financial and Administrative Control Law.


Ahmed bin Salim al Rujaibi, Deputy Chairman of the SFAOA, emphasized that this summary is in line with His Majesty's vision. It reflects the agency's commitment to transparency and its dedication to following international audit standards while executing its annual examination plan. The agency, aligning itself with Oman Vision 2040, conducted 181 tasks in 2022, issuing 147 reports, which contained a staggering 1,591 notes. These tasks covered various government units, bodies, investments, and companies under the authority's supervision.


The examinations on government units were diverse, ranging from scrutinizing tax assessment and collection processes to evaluating planning work, tax policies, and administrative control over intellectual property and commercial standards. The agency also delved into food security, quality standards, tourism promotion, job seeker training, and the quality of services provided to entities, amongst other vital topics.


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When it came to bodies, investments, and companies, the agency's scrutiny extended to contractor claims, strategic plans, mining licences, construction projects, revenue generation, and the management of exploration and production companies. Moreover, it closely monitored the localization and replacement of technical jobs in the electricity sector, exemplifying its dedication to improving various sectors.


However, the impact of the SFAOA's work extends beyond examinations and reports. In 2022, it collected and recovered approximately RO 97.8 million for the benefit of the public treasury. This amount was distributed among government units, bodies, investments, and companies. It was not an isolated achievement, as it built upon the RO 80 million collected in 2021, a result of the agency's continued efforts and diligent follow-up.


The agency also addressed cases related to public funds, demonstrating its resolve in fighting corruption and ensuring accountability. These cases included violations such as bribery, forgery, embezzlement, abuse of office, information falsification, and encroachment on public funds. The agency's vigilance in upholding the law was evident as it issued convictions in several of these cases.


Moreover, the SFAOA committed itself to studying and analyzing 81 legal pieces of legislation in 2022. This included reviewing draft laws, regulations, and systems prepared by entities under its supervision, emphasizing its role in shaping financial and accounting affairs, taxes, and fees in line with its mandate.


In promoting community partnership, the SFAOA actively engaged with the public by addressing complaints and reports related to financial and administrative violations. With a remarkable completion rate of about 84 per cent, the agency received 587 complaints and reports in 2022. This highlights its commitment to addressing the concerns of the society it serves. — ONA


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