Au­dit Bureau calls for more scrut­ing of in­vest­ment plans

Kuwait Times - - LOCAL -

Kuwaiti Au­dit Bureau called for more scru­tiny on the general ap­proach for the state’s in­vest­ment plans. This re­mark was made by Ob­server at the Au­dit’s fi­nan­cial and in­vest­ment de­part­ment Dr Ab­d­u­al­lah Al-Ha­jji at the Arab Or­ga­ni­za­tion of Supreme Au­dit In­sti­tu­tions (ARABOSAI) General As­sem­bly meet­ing.

Ha­jji said yes­ter­day that the Kuwaiti Au­dit par­tic­i­pated in two sem­i­nars: one on the role of supreme au­dit en­ti­ties in cor­rect­ing the general ap­proach of in­vest­ment for the state’s general budge; while the sec­ond on the chal­lenges that face these en­ti­ties.

The two sem­i­nars re­sulted in few rec­om­men­da­tions such as set­ting up a com­pre­hen­sive pro­gram to sub­jec­tively scru­ti­nize in­vest­ment projects which en­tail in­creas­ing the num­ber of the staff of these mon­i­tor­ing bod­ies to cover the size and the ge­o­graph­i­cal lo­ca­tions of these projects.

The meet­ing also rec­om­mended the use of the lat­est tech­nolo­gies to serve the end pur­pose of au­dit bu­reaus. The Kuwaiti Au­dit Bureau held, on the fringes of this meet­ing, an ex­hibit that show­cased many pub­li­ca­tions that lead Kuwait to seize the ti­tle of the Cap­i­tal of Is­lamic Cul­ture. The ex­hibit also dis­played the fruits of the Kuwaiti Au­dit Bureau in the past 50 years.

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