Thu 20-04-2017 19:43 PM

Seminar reviews FAD's contributions to Dubai's economic strategy

DUBAI, 20th April, 2017 (WAM) -- The role of financial auditing in realising the ambitious economic strategy adopted by the Emirate of Dubai was the main topic of discussion of a seminar organised by Dubai's Financial Audit Department, FAD, in Dubai on Thursday 20th April.

Themed " Future Vision of Financial Auditing" the seminar, held at the Dubai International Financial Centre, aimed to highlight the FAD's contributions to Dubai's vision of becoming a major enabler in the world economy by cultivating a culture of innovation conducive to establishing a knowledge-based economy.

FAD is the supreme audit institution of Dubai and was established by the law No. 1 of 1995 issued by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on 29th January 1995.

FAD is rapidly evolving through an organisational transformation based on the strategy of the UAE wise leadership, said Abdullah Ghobash, FAD Director General.

One of the government's core responsibilities is to provide an environment that inspires happiness and positively as a core value in the Emirati society, he added.

Discussions during the seminar touched on the fast-paced and multifaceted economic developments and challenges worldwide as well as the collaborative environment FAD seeks always to maintain with other government departments in the Emirate as part of its objectives to ensure efficiency, effectiveness in planning and monitoring of operations.

Participating in the seminar were Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, Chairman of Ports, Customs & Free Zone Corporation, and Hussain Nasser Lootah, Director General of Dubai Municipality.