Project

FAA Pulse Dashboard for the Auditee

The Financial Audit Authority (FAA) performs compliance, operational & performance audits, information system audits, financial statement audits to Dubai Government entities. The Consultancy & Business Excellence Department (CBE) is FAA’s arm for providing assessments, consultation services and training to ensure the effectiveness of internal audit activities, corporate governance, internal control, enterprise risk management & compliance management systems. FAA is currently working on developing a dashboard “Pulse” that provides a holistic view of the financial, operational & governance health of the major governmental entities through integrating the results of the audits conducted by FAA departments and the assessments conducted by the CBE department.

The objectives of the project include:
1-Establishing a holistic view of the financial, operational & governance health of the major governmental entities by applying a scoring mechanisim to all types of audits & assessments.
2-Enabling FAA to focus on the weaknesses and trends of the less mature government entities that are identified from the dashboard by considering them in the annual plan.
3- Enhancing the corporate governance awareness and practices and unifying its concepts across the Dubai government entities.
4- Efficient utilization of FAA human resources.

The Impact of the project include:
1- Supporting the Government entities in achieving their strategic objectives.
2-Improving the performance of Dubai government entities by performing value added services, especially for the less mature ones.

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