Maktoum Bin Mohammed Endorses Financial Audit Authority's Strategic Plan For 2025-2028 To Enhance Governance

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Minister of Finance, has endorsed the Financial Audit Authority's (FAA) strategic plan for 2025-2028. This approval highlights his dedication to boosting the authority's role in line with Dubai's vision for transparency and innovation in government operations.

The strategic plan is designed to improve the FAA's oversight capabilities, positioning it as a key player in promoting transparency, accountability, and excellence in managing public funds. It aims to ensure that the authority can efficiently carry out its responsibilities while maintaining high standards of integrity.

Sheikh Maktoum stated that the plan aligns with His Highness Sheikh Mohammed bin Rashid Al Maktoum's vision to enhance oversight and protect public resources. "The Strategic Plan 2025-2028 demonstrates efforts to enhance government performance by strengthening financial oversight and ensuring transparency across all government operations," he said.

The plan is structured around four main goals and 15 strategic objectives, providing a roadmap for achieving desired outcomes. Additionally, 32 strategic performance indicators have been established to monitor progress and ensure successful implementation of these objectives.

Sheikh Maktoum emphasised adapting to global economic changes and digital transformations. "We remain committed to continuously enhancing the Financial Audit Authority's capabilities by implementing cutting-edge technological and regulatory systems," he added. This approach aims to strengthen Dubai's position as a leader in governance and financial integrity.

The strategic plan also underscores stakeholder compliance with legislation when executing tasks and issuing financial reports. It enhances risk management, internal controls, and integrity through effective investigations into violations, fostering trust between the authority and supervised entities.

Commitment to Employee Development

The new plan prioritises developing effective partnerships to enhance stakeholder satisfaction while upholding ethical standards. It supports entities under supervision by offering expert advisory services for full implementation within a year. Continuous learning, knowledge exchange, and capacity building are also promoted for external stakeholders.

The authority focuses on advancing employees' skills in modern technology and AI-driven auditing to optimise performance. An annual cultural programme supports employee well-being through sports, social activities, health initiatives, and wellness programmes.

Innovation Through Advanced Technology

Innovation is fostered by leveraging advanced technology for auditing efficiency. An integrated framework drives digital transition across all procedures within the authority. Dedicated plans ensure compliance with IT standards while maintaining business continuity through robust cybersecurity measures.

Abdulrahman Al Harib, FAA Director-General, highlighted the strategic plan's role in enhancing government performance. He noted that it strengthens confidence in Dubai's financial systems by adopting efficient control mechanisms powered by modern technology and AI.

Al Harib stated that this approach supports sustainable growth while advancing governance excellence across the emirate. The focus remains on improving all aspects of financial and administrative performance through innovative solutions.

With inputs from WAM