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SCA announces new regulations to boost institutional transparency

Posted on 14/09/2008

Emirates Securities '&' Commodities Authority (SCA) and the UAE Ministry of Economy set the end of July 2009 as a deadline for auditors operating in the United Arab Emirates to comply with a set of new regulations and procedures aimed at boosting transparency of the managements of public joined stock companies as well as advancing the level of governance up to the international standards, it was announced yesterday. The two bodies warned individual and corporate auditors against failure to ...  >>MORE

Abu Dhabi creates auditing body for public institutions

Posted on 21/08/2004

The emirate has taken a major stride in its fiscal reforms by creating an auditing body that will closely monitor the revenues and expenditure of all government institutions and ensure the state funds are managed properly. Bankers said the decision by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will curb financial malpractices, upgrade budget performance and support domestic development. In his decision, ...  >>MORE