"Achieve sustainable development and community welfare by contributing to improve the use of state resource"

The Bureau’s Objectives   Audit 

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General Meeting to Review the Process of Training and Development, and Sharing of Experience in the Field of Training and Capacity Building

The Center Of Excellence for Training and Development at the State Audit Bureau organized virtual meeting with the directors of training and development departments of the SAIs of Kuwait, Oman, and Iraq, on Sunday, May 30.

In this meeting the participating SAIs reviewed the training and development process of the participating SAIs, and shared their experiences in virtual training during the period of the Coronavirus pandemic. The participants also discussed areas of sharing training experiences and competencies, aiming to enhance the competencies and functional capabilities in various fields of audit.

 


State Audit Bureau Participates in the Annual Meeting of the INTOSAI Working Group on Public Debt

The State Audit Bureau participated in the annual meeting of the INTOSAI Working Group on Public Debt, which was held virtually on the 19th of May 2021. State Audit Bureau was represented in this meeting by Sheikh Faisal bin Thamer Al-Thani - Head of Tax Audit Section at Governmental Financial Audit Department and Ms. Noof Rabiah Al-Kaabi - Head of Risk Management Section at Risk Management and Quality Assurance Department.

Entities Subject to Audit

Risk management

Risk management is a continuous process, which includes continuous research and investigation into leading risk indicators both internally and externally in the Entities strategic context that includes the steps of; setting the scope and context, risk assessment, risk treatment, monitoring & reviewing, and communication & consultation

Scope. Context & Criteria

Step 1 involves understanding the Subject Entity’s objectives, defining factors that could be a source of uncertainty, and setting the scope and risk criteria for the remaining risk management processes.

Risk Identification

Step 2 determines what, where, when, why and how risks could arise, and the effect this would have on the Subject Entity’s ability to achieve its objectives.

Risk Analysis

Step 3 determines the risk level against the risk criteria by understanding how quickly a risk can occur, the sources and causes of a risk, as well as the consequences and likelihood of those consequences.

Risk Evaluation

Step 4 compares the level of risk against the risk criteria to determine the overall risk rating and based on that, consider the need for treatment.

Develop Alternatives

Step 5 involves Subject Entities systematically identifying and assessing a range of response alternatives or strategies to accept, transfer, share, avoid, or mitigate major risks, based on their risk appetite.

Respond to Risks

Step 6 requires the Subject Entity’s leadership to evaluate the alternatives and decide how to allocate scarce resources (e.g. budget, analytical capabilities, time) to address major risks facing the entity.

Monitor and Review

Step 7 recognizes that as uncertainty changes, so does the risk.

Communication, Consultation, Learning

Step 8 takes place throughout Steps 1 - 6 above with all identified stakeholders confirming that those accountable for implementing the risk management process

Records Maintenance & Reporting

Step 9 is a continuous effort, integral to the organization’s governance as it improves the dialogue among stakeholders, and the learning from the Subject Entity’s collective experience from risk management activities.

Risk assessment
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The State Audit Bureau participates in the Fourth Forum of Accountants in the State of Qatar

The State Audit Bureau participated in the meetings of the 35th Session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR), which held at the United Nations Headquarters in Geneva from 22 to 26 October 2018. Mr. Ammar Abdulla Sakini, Director of Performance Audit Department and Mr. Abdulrahman Saud Aladbi, Head of Financial Audit & Examination of Energy and Industry Section, represented SAB in the meeting.