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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

SFAAI submits annual report to HM the Sultan

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Muscat: The Chairman of the State Financial and


Administrative Audit Institution (SFAAI) had the honour of submitting


SFAAI annual report to His Majesty Sultan Qaboos Bin Said on the


results of its work for 2017, as well as its objectives and activating its


terms of reference.





SFAAI sent a copy of the report to the Council of Ministers, Majlis


A’Shura and the State Council.





The methodology for the preparation of this report took into account


the rules, standards and technical guidelines for writing reports based


on the standards of the relevant international organizations in terms of


comprehensiveness, clarity, conciseness, accuracy, objectivity and


timing.





The report included many phenomena and observations that


resulted from the realization and extension of SFAAI auditing to some


units of the state's administrative apparatus, as well as some


companies, public bodies and institutions covered by SFAAI auditing.




SFAAI issued 239 supervisory reports which were communicated to the concerned authorities including the SFAAI observations and recommendations.




These observations were classified in three main


parts of the report as each section contains several chapters.





The first part of the report deals with the state's administrative


apparatus. The inspections carried out for some of these units resulted


in many observations, as some of them were positive ones, and the


others should be reviewed by the concerned parties to develop


appropriate solutions.





The second part of the report referred to the public companies,


bodies and institutions as SFFAI started its financial and administrative


auditing over some of these companies, public institutions and pension


funds covered by the audit in accordance with the International


Accounting and Auditing Standards and within the relevant financial


regulations and the guidelines issued by the International Organization


of Supreme Audit Institutions (INTOSAI), which revealed some


phenomena that can be developed and improved.




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 to the consolidation of the concept of responsibility for preserving public money and safeguarding the homeland's earnings. --ONA



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