His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Financial Audit Authority (FAA), approved today the authority’s Strategic Plan 2025-2028. The approval of the plan reflects His Highness’s commitment to reinforcing the Authority’s role in line with Dubai’s vision of enhancing transparency and innovation across government entities.
“The plan empowers the Authority to effectively fulfill its oversight mandate with efficiency and impact, in line with the Dubai Government’s commitment to enhancing government performance through strengthened financial oversight and ensuring transparency across all government operations,” stated Sheikh Maktoum in a post on social media platform X.
Enhancing transparency in government operations
The new plan aims to enhance the Dubai Financial Audit Authority’s ability to carry out its oversight responsibilities efficiently and effectively, positioning it as a key institution in promoting transparency, accountability, integrity and excellence in the management of public funds.
The authority’s mission is to deliver independent, objective, and timely oversight of public resources, ensuring accountability, compliance and optimal performance in the operations and financial reporting of the entities it supervises.
The Strategic Plan is built on core values that define the principles guiding the Dubai Financial Audit Authority’s operations. These include independent decision-making, service excellence, innovation in financial oversight, professionalism to maximize performance and transparency in financial management.
The plan plays a vital role in enhancing efficiency and effectiveness in executing oversight tasks and activities. It is structured around four main goals and 15 strategic objectives, providing a clear roadmap to achieve the desired outcomes. Additionally, 32 strategic performance indicators have been established to monitor progress and ensure the successful implementation of the objectives.
“Integrity and trust have been the foundation of Dubai’s success, and we remain committed to further enhancing the Authority’s effectiveness by adopting the latest technological and regulatory systems and advancing employee capabilities. These efforts will reinforce Dubai’s global standing as a leading destination in governance and financial integrity,” added Sheikh Maktoum.
Responding to stakeholders’ expectations
The Strategic Plan underscores the importance of ensuring stakeholder compliance with legislation and regulations in executing operational tasks, issuing financial reports on public fund utilization, and strengthening accountability and governance.
It enhances risk and compliance management, internal controls, and financial and administrative integrity through effective investigations into violations. Additionally, it fosters transparency and collaboration, reinforcing trust between the Dubai Financial Audit Authority and the entities under its supervision.
“The Financial Audit Authority’s Strategic Plan 2025-2028 reaffirms our commitment to strengthening the Authority’s role within the institutional framework to ensure the optimal use of public resources. It also enhances confidence in Dubai’s financial and oversight systems and serves as clear evidence of our dedication to adopting more efficient and effective control mechanisms powered by modern technology and AI,” stated Abdulrahman Al Harib, director general of the Financial Audit Authority.
Providing value-added services
The new Strategic Plan also emphasizes the development of effective and sustainable partnerships to enhance stakeholder satisfaction, uphold integrity and transparency, and reinforce ethical standards at all levels. It also aims to support entities under the Dubai Financial Audit Authority’s supervision by providing expert advisory services to ensure full implementation of the plan within a year. Additionally, it promotes continuous learning, knowledge exchange and capacity building for external stakeholders.
Workforce development
Moreover, the plan supports the continuous development and enhancement of the authority’s workforce to strengthen institutional performance. It also seeks to attract and retain top talent with specialized skills and expertise. In this context, it prioritizes employee well-being and happiness by implementing an annual cultural program that includes sports, social, health and wellness initiatives. Additionally, it focuses on advancing employees’ proficiency in modern technology and AI-driven auditing to optimize performance.
Improving corporate success
In line with ongoing advancements in institutional operations management, the strategic plan fosters innovation by leveraging advanced technology to enhance auditing and operational efficiency. An integrated framework has also been established to drive the digital transition, encompassing all procedures and activities within the Dubai Financial Audit Authority.
Additionally, dedicated plans and performance indicators have been set to ensure full compliance with information technology standards and maintain seamless business continuity, recognizing the critical importance of cybersecurity.
The plan aligns with the Dubai Government’s vision to drive innovation and integrity across all sectors. It marks a significant shift in the Dubai Financial Audit Authority’s operations, reinforcing its pivotal role in strengthening the supervisory framework and advancing transparency and accountability.
