Sheikh Maktoum approves Dubai Financial Audit Authority’s Strategic Plan for 2025–2028

2025-02-25 01:20:00

Abstract: Dubai's Audit Authority launched its 2025-2028 plan to boost transparency & accountability in public funds management. It has 15 objectives and 4 goals.

The Dubai Financial Audit Authority has released its strategic plan for 2025-2028, outlining 15 strategic objectives and establishing a clear roadmap for achieving them. This plan aims to enhance the Audit Authority's ability to fulfill its supervisory responsibilities, positioning it as a key institution in promoting transparency, accountability, integrity, and excellence in the management of public funds.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance of the UAE, First Deputy Ruler of Dubai, and Chairman of the Financial Audit Authority (FAA), has approved the Authority's 2025-2028 strategic plan. This approval reflects His Highness's commitment to strengthening the Audit Authority's role in Dubai's vision of enhancing transparency and innovation within government entities.

Sheikh Maktoum stated on social media platform X: "This plan empowers the Audit Authority to effectively fulfill its supervisory responsibilities, in line with the Dubai government's commitment to improving government performance by strengthening financial oversight and ensuring transparency in all government operations." The plan is built upon core values that define the guiding principles of the Dubai Financial Audit Authority's operations, including independent decision-making, excellent service, innovation in financial supervision, specialization to maximize performance, and transparency in financial management.

The strategic plan is structured around four main goals and 15 strategic objectives, with 32 strategic performance indicators developed to monitor progress and ensure the successful implementation of the goals. The plan emphasizes the importance of ensuring that stakeholders comply with laws and regulations in executing operational tasks, issuing financial reports on the use of public funds, and strengthening accountability and governance.

Abdulrahman Hareb, Director General of the Financial Audit Authority, stated: "The Financial Audit Authority's 2025-2028 strategic plan reaffirms our commitment to strengthening the Audit Authority's role within the institutional framework to ensure that public resources are utilized optimally. It also enhances confidence in Dubai's financial and supervisory system and clearly demonstrates our commitment to adopting more efficient and effective control mechanisms driven by modern technology and artificial intelligence." The plan also emphasizes developing effective and sustainable partnerships to enhance stakeholder satisfaction, maintain integrity and transparency, and strengthen ethical standards at all levels.