Audit Bureau calls for more scruting of investment plans
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.