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Financial Audit and Examination

ADAA developed 3 types of outputs under this group with the objective of providing assurance on the accuracy of the Government's Consolidated Financial Statements and the Financial Statements issued by Subject Entities:

  •  Financial Audit
  •  Financial Examination
  •  Financial Management Assessment
Financial Audit
Audit the Consolidated Financial Statements of the Government of Abu Dhabi to ensure accuracy of these statements.
The "Financial Audit Methodology" was developed based on the International Standards on Auditing (ISA) issued by the International Federation of Accountants (IFAC).
Financial Examination
Ensure that Subject Entities implement the Statutory Auditor Appointment Rules (SAAR) issued by ADAA when appointing their statutory auditor and carry an examination of the Subject Entity’s financial statements and the audit work undertaken by the statutory auditor to provide reassurance on the accuracy of the financial statements of these Subject Entities.
The "Financial Examination Methodology" was developed based on the pronouncements and methodologies of the International Federation of Accountants (IFAC).
Financial Management Assessment
Assess the financial management function at a Subject Entity and its conformity with best practices to ensure efficiency of the preparation of its financial statements.
The "Financial Management Assessment" was developed based on good practice statements put by the Chartered Institute of Public Finance and Accountancy (CIPFA). CIPFA is member of the International Federation of Accountants (IFAC).