Abu Dhabi Accountability Authority Law
The law states that the authority is the higher entity for financial monitoring and accountability and has the full legal capacity to practise its activities and to achieve its objectives and is a financially and administratively independent body working directly under his highness sheikh mohamed bin zayed al nahyan crown prince of abu dhabi and deputy supreme commander of the uae armed forces.
Abu dhabi accountability authority law. The abu dhabi accountability authority a company that monitors the financial spending of government bodies and companies gained more power after a law was passed on thursday. The president his highness sheikh khalifa bin zayed al nahyan in his capacity as ruler of abu dhabi has issued a law regulating the abu dhabi accountability authority. Gcc regulations are constantly evaluated and re assessed to reflect latest trends and leading global practices.
The abu dhabi accountability authority is committed to implementing international auditing and accounting standards and governance principles to enhance the credibility transparency and quality of financial statements as well as the performance of government entities and companies in abu dhabi. September 17 2020 the abu dhabi accountability authority an organisation that monitors the financial spending of government bodies and companies has been given more power after a law was passed. Based on the law the authority s goals include enhancing accountability and accurate administrative practices in government entities to help strengthen abu dhabi s reputation and to cement trust in its financial and economic system.
The abu dhabi accountability authority adaa promotes the principles of accountability and transparency across abu dhabi government and public entities. Requirements of resolution number 1 of adaa. The new law succeeds read more.
It seeks to ensure efficient and effective management collection and disbursement of public funds and resources. The introduction of resolution number 1 by the abu dhabi accountability authority adaa is one such endeavor which aims to strengthen the governance structure within the entities. The president his highness sheikh khalifa bin zayed al nahyan in his capacity as ruler of abu dhabi has issued a law regulating the abu dhabi accountability authority.
President his highness sheikh khalifa bin zayed al nahyan in his capacity as ruler of abu dhabi has issued a law regulating abu dhabi accountability authority. The new law is to enhance the monitoring of public finances and to strengthen integrity transparency accountability and governance in government and government entities. The new law is to enhance.
