New law to monitor public finances, combat corruption

New law to monitor public finances, combat corruption

The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, has issued a law regulating the Abu Dhabi Accountability Authority.

The new law is to enhance the monitoring of public finances, and to strengthen integrity, transparency, accountability and governance in government and government entities.

The new law succeeds the authority's law of establishment, tangibly strengthening its authorisations in order to accommodate the significant developments in Abu Dhabi's economy, governmental executive practices, organisational governance, and regulations.

The law states that the authority is the higher entity for financial monitoring and accountability, and has the full legal capacity to practise its activities and to achieve its objectives, and is a financially and administratively independent body working