Al-Jalahma announced the completion of the audit on the accounts of the Ministries and other Government Entities for the year ended 31st December 2010. The “Consolidated Final Account of the State” has also been audited and submitted with the audit opinion to the finance minister. The account will be submitted to the Cabinet for review before finally directing it to the Council of Representatives as stipulated in article 49 of the Budget Law. The National Audit Court has also followed up the audit observations of last year’s audit reports to ensure that the ministries and other government entities have implemented the recommendations in the reports in accordance with article 22 of the National Audit Court Law.
The National Audit Court has also completed the audit of Future Generation Reserve Account for the year ended 31 December 2010 according to the requirements of the law no 28 for the year 2006 and has sent the audit opinion to Minister of Finance, Chairman of the Future Generation Reserve Council.
The President of the National Audit Court said that the audit works were carried out in accordance with the International Auditing Standards (IAS) and in accordance with the Court’s audit plan.
Al-Jalahma also added that the Court is currently preparing the annual report on the Consolidated Account of the State and the final account of the ministries and other government entities subjected to audit, and the results of the Performance Audits and Administrative Audits which will be submitted to his Majesty the King, the Cabinet and the Council of Representatives in October 2011