Thursday 28 July 2011

UAE president orders financial watchdog shake-up | Alrroya

The United Arab Emirates is reorganising its audit bureau, state news agency Wam reported on Thursday, extending its powers to include fighting corruption in the entities it controls.

The audit bureau is the supreme organ of financial control and accountability in the country, Wam said, and will have corporate, financial and administrative autonomy.

The chairman of the audit bureau's board will be appointed by federal decree and will be a minister.

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