UAE

UAE: Financial Audit Authority organizes an introductory workshop on Anti-Fraud

Abu Dhabi

In the presence of Abdulrahman Al-Hareb, Director General of the Financial Audit Authority (FAA), the FAA organized an introductory workshop on the Anti-Fraud Framework in Mohd. The Bin Rashid Library is witness to significant involvement and active participation. The workshop was organized around the recently launched framework and designed for audited entities, to demonstrate the authority’s unwavering commitment to promoting accountability and sound management practices among auditees.

Additionally, it strives to create an environment that is highly conducive to control and risk management characterized by transparency and integrity. Mana Alhemeri, Director of the Financial and Administrative Violations Division at the FAA, and Aboelnaser Othman, Director of the Legal Affairs Division at the FAA, gave a comprehensive explanation highlighting the importance of the Anti-Fraud Framework, as it aims to meet top global standards and international best practices. is designed for. Practice.

He emphasized the role of the Framework in identifying, detecting and addressing fraud risks, protecting public money and maintaining the interests and sustainability of the auditees. The said representatives undertook an in-depth review of key aspects, policies, strategies and relevant legislative processes, thereby providing clarity on the features of the framework and the role of auditees. The presentations included a detailed explanation of the core components of the Framework, including the forms and types of fraud, the causes and motivations behind it, as well as ways to address fraud risks.

During the workshop, Al-Hareb said, “Today’s introductory workshop saw significant participation from representatives of auditors, promoting awareness to enhance transparency and integrity, combating financial and administrative corruption, and providing relevant information and clarifications.” reflect the importance of the Authority’s efforts in providing, and support the audited entities in implementing sound management practices to safeguard public funds.” The workshop concluded with an interactive session, allowing the participants to engage in discussion, seek clarifications and raise queries related to the Anti-Fraud Framework. The attendees expressed their appreciation for the valuable insights shared during the session and appreciated the extraordinary efforts of the Financial Audit Authority in Dubai.