HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Financial Audit Authority (FAA), has approved the authority strategic plan for 2025-2028.
Advancing Transparency & Accountability
Sheikh Maktoum emphasized that 2025-2028 Strategic Plan is a direct reflection of the vision of HH Sheikh Mohammed bin Rashid Al Maktoum.
As it is empowering the authority to carry out its oversight duties with efficiency and effectiveness.
The goal is to safeguard public funds and resources.
While promoting the principles of effective accountability, transparency, and integrity within the audited entities.
Sheikh Maktoum bin Mohammed stated:
“The strategic plan of Dubai Financial Audit Authority embodies our efforts to enhance government performance.
By strengthening financial oversight and ensuring transparency in all government operations.
This commitment reinforces Dubai’s position among the world’s leading cities in governance.
Ensuring the highest standards of service to enhance societal well-being and happiness.
We continue to strengthen the authority’s efficiency through the adoption of cutting-edge technologies and oversight systems.
As well as by developing employee capabilities to solidify Dubai’s reputation as a global leader in governance and financial integrity.”
Objectives of Dubai Financial Audit Authority Strategic Plan 2025-2028
The new plan aims to empower the FAA to execute its auditing responsibilities with exceptional efficiency.
Positioning it as a leader in transparency, accountability, integrity, and excellence in the governance of public funds.
The FAA’s core mission is to conduct independent and objective oversight of public resources with high efficiency.
Ensuring accountability and full compliance with established regulations.
This approach optimizes operational performance and financial reporting across audited entities.
Reinforcing the authority’s commitment to global standards of governance and integrity.
Key Pillars of Dubai Financial Audit Authority Strategy:
The strategic plan is built on fundamental values that guide the FAA’s practices, including:
- Independence in decision-making
- Excellence in service delivery
- Innovation in financial audit techniques
- Professionalism to ensure optimal performance
- Transparency in financial management
The new strategy focuses on achieving several core objectives aimed at enhancing the efficiency and effectiveness of audit functions.
The plan outlines:
- Four key strategic goals
- Fifteen strategic objectives forming a clear roadmap for execution
- Thirty-two performance indicators to track and ensure implementation
Boosting Trust
The strategy also emphasizes stakeholder compliance with laws and regulations.
As well as improving financial reporting on public fund usage, enhancing accountability and governance, and strengthening internal risk management, compliance, and audit practices.
Additionally, the plan seeks to boost trust among audited entities through greater transparency and collaboration.
While implementing investigations into financial and administrative violations to uphold financial integrity.
Strategic Partnerships & Capacity Building
The strategy also prioritizes:
- Establishing sustainable partnerships to increase stakeholder satisfaction and reinforce ethical governance standards
- Providing specialized advisory services to support audited entities
- Facilitating knowledge exchange and capacity-building initiatives for external stakeholders
Investing in Talent & Technological Innovation
Dubai Financial Audit Authority 2025-2028 plan also focuses on employee development.
Ensuring continuous learning and talent retention.
The authority aims to:
- Enhance institutional performance through skills development
- Attract and retain top talent with advanced expertise
- Improve employee well-being, happiness, and mental health through cultural, social, and sports activities
Additionally, the strategy emphasizes the integration of advanced technology and AI in auditing processes to enhance performance efficiency.
Embracing Digital Transformation & Cybersecurity
As part of its continuous institutional development, the FAA’s strategy prioritizes innovation by:
- Leveraging advanced technologies to enhance auditing operations
- Implementing a comprehensive digital transformation strategy across all FAA activities
- Ensuring full compliance with cybersecurity standards to guarantee 100% operational continuity
His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him,” arrived in the capital, Rome, on a “state visit” to the Italian Republic. His Highness the President’s plane was accompanied upon entering Italian airspace by a squadron of military… pic.twitter.com/P1qmnN7kMi
— UAE Voice (@uae_voiceeng) February 24, 2025
A Commitment to Financial Governance & Excellence
H.E. Abdulrahman Al Hareb, Director General of Dubai Financial Audit Authority, highlighted the importance of the new strategy in enhancing governance and ensuring the optimal use of public resources.
He stated:
“This strategy reflects the FAA’s unwavering commitment to evolving its role within Dubai’s institutional framework.
Ensuring the efficient management of public resources, and reinforcing confidence in Dubai’s financial and regulatory systems.
Our transition to more advanced and effective regulatory systems, incorporating modern technology and AI, is a significant step toward achieving sustainable development, government excellence, and continuous improvement in financial and administrative performance across Dubai.”
