Abu Dhabi: The State Audit Institution (SAI) has released best practice guidelines to prevent fraud and corruption in government institutions, the first manual of its kind in the UAE.
The manual is considered a part of an integral strategy to develop a corporate governance framework to support basic objectives and principles of the Federal Government’s general strategic plan.
SAI president Dr Harib Saeed Al Amimi said the manual, prepared as per best international standards and practice and in line with the UN Anti-Corruption Treaty, aims to provide government institutions and entities with the minimum requirements of necessary guidelines.
These guidelines help to activate corporate governance elements in entities audited by SAI in order to ensure optimal use of public money and fighting all types of financial corruption, he said.
“Government institutions in UAE are responsible for managing public money, and hold a national responsibility represented in protecting allocated money and making sure of proper use effectively and beneficially,” Al Amimi said.
He indicated that fraud is one type of financial corruption negatively influencing government entities’ activities and resulting in incurring high costs through actual waste of money.
“This means that fraud control framework is an important preventive procedure and is part of integral process to fight financial corruption to achieve strategic objectives related to different aspects of development in UAE,” he said.
