The Financial Audit Authority in Dubai has announced its participation in the 44th edition of GITEX Global 2024, scheduled for October 14 to 18 at the Dubai World Trade Centre. This involvement, WAM reported, is part of the Authority’s strategic initiatives to adopt cutting-edge technologies and smart enhancements that lay a robust foundation for auditing.
New digital services for public funds
During GITEX, the Financial Audit Authority will launch three innovative digital services focused on improving the management of public funds. One notable service is the Al Mo’ashir Dashboard, a centralized platform designed to deliver analyses and insights through key data and indicators sourced from the Authority’s auditing activities. This dashboard provides real-time status updates for each governmental and semi-governmental entity undergoing audit.
Comprehensive data aggregation
The Al Mo’ashir Dashboard consolidates data from various applications, databases, and internal systems utilized by the Authority during its audits. It encompasses operations, compliance, performance metrics, financial data, and instances of financial and administrative misconduct.
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Launch of reporting platform
Additionally, the Authority will launch the Financial Violations Reporting Platform, a crucial component of its mission to deliver innovative and value-added professional audit services. This platform facilitates the reporting of financial and administrative violations by entities under its supervision.
Introduction of legislative platform
Furthermore, the Authority has introduced a Legislative Platform that is well-structured and features a powerful search engine. This initiative marks a significant advancement in transforming the auditing process by enhancing efficiency, accuracy, and comprehensiveness. The platform offers easy access to vital legislative texts across various categories, serving as an essential resource for auditors and legal professionals.
Commitment to digital advancement
Amir Ali Al Gergawi, executive director of the Corporate Support Sector at the Financial Audit Authority in Dubai, emphasized the Authority’s commitment to enhancing and evolving its digital services while staying updated on best practices in artificial intelligence. He further noted that this knowledge contributes to the advancement of their technological practices in contemporary digital landscapes. Additionally, he expressed the goal of making substantial strides in leveraging technology and AI within the governmental auditing and oversight sector. By harnessing the technological innovations showcased at GITEX, the Authority aims to bolster governance efforts and ensure the safeguarding and sustainability of public funds.
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