The Financial Audit Authority of Dubai organized roundtable discussions, engaging representatives from the organizations under its oversight. This initiative is part of its ongoing efforts to foster institutional dialogue and establish a collaborative approach aimed at supporting these organizations in addressing their operational challenges in the workplace. The sessions provided an open and direct platform for participants to present the difficulties they encounter across various operational areas, share their practical experiences, and contribute to a deeper understanding of these challenges and their implications for institutional performance.
Discussions during the sessions centered around key topics reflecting the diverse nature of the work conducted by the organizations being monitored. These included challenges related to implementing the governance framework for government entities in Dubai, best practices for investment processes, drivers and controls of digital transformation, risks associated with construction project claims and contracting procedures, internal controls over revenue collection, recurring human resource issues, and mechanisms for reporting and escalation to ensure transparency and accountability. Other topics covered were investigation practices concerning fraud, leasing activities, the impact of supply chain disruptions, and challenges linked to the application of specific laws and regulations.
The roundtable also served as an interactive space for sharing practical solutions and suggestions based on the participants’ field experiences. This approach transformed the dialogue into actionable outcomes that support the improvement of practices and enhance institutional performance efficiency. Furthermore, these sessions facilitated greater coordination and integration among the monitored entities, promoting consistent application of systems and regulations, thereby reinforcing governance and accountability principles while contributing to the stability and sustainability of institutional results.
Institutional Approach
Abdul Rahman Al Harib, General Director of the Financial Audit Authority of Dubai, stated, “The roundtable sessions are part of our institutional approach to strengthening effective partnerships with the monitored entities and fostering a dialogue rooted in a mutual understanding of operational challenges and how to tackle them within established regulatory frameworks. We believe that developing a robust audit system can only be achieved by listening directly to on-ground experiences and translating them into applicable solutions that enhance institutional performance quality.” He further added, “The most effective solutions stem from the involvement of the employees themselves, as they are partners in development, which helps unify auditing practices, improve compliance, and enhance the efficiency of public resource management. Through these sessions, our authority reaffirms its commitment to supporting monitored entities, empowering them to effectively address challenges, and reinforcing the principles of governance, accountability, and transparency, leading to a sustainable institutional impact that aligns with Dubai’s governmental aspirations.”
These sessions align with the vision of the Financial Audit Authority of Dubai, aiming to support monitored entities, empower them to overcome challenges effectively, promote a work environment based on transparency and collaboration, and achieve a lasting institutional impact.