Financial Audits
Financial audits aim to verify the correctness, fairness and transparency of financial statements of entities subject to ADAA mandate and in accordance with a robust methodology and includes the following:
- Audit Abu Dhabi Government financial statements and issue audit opinion.
- Audit stand alone and consolidated financial statements of entities subject to ADAA mandate with consideration of their establishment laws.
- Examine audited financial statements of entities subject to ADAA mandate including statutory auditor's audit file and opinion to ensure that these audited financial statements are done with high level of quality and represent fairly the financial position of the entity.
Compliance & Performance Audits
Compliance and performance audits aim to verify the compliance of operational activities of entities subject to ADAA mandate with laws and regulations governing their operation and to ensure the efficiency and effectiveness of these operation and in in accordance with a robust methodology and includes the following:
- Review the appropriate implementation of the entities subject to ADAA mandate for the legislation, regulations, policies, and resolutions issued by the government or the entities themselves that govern their operational activities.
- Review and examine procurement activities to ensure its compliance with laws and regulations governing these activities.
- Review all resolutions, procedures and practices related to Human resources activities in the entities subject to ADAA mandate and ensure their compliance with laws and regulations that governed these activities.
- Ensure compliance with governance and accountability principles.
- Review the efficiency and optimal use of resources available for entities subject to ADAA mandate to ensure it has achieved the planned objectives and value for money.
- Review objectives achievement of entities subject to ADAA mandate and their alignment with government future plans and objectives.