Subjecting Entities to Audit
by the Financial Audit Authority[1]
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We, Maktoum bin Mohammed
bin Rashid Al Maktoum, Deputy Ruler of Dubai, Chairman of the Financial Audit Authority,
After perusal of:
Law No. (4) of 2018 Establishing the Financial Audit Authority; and
Decree No. (14) of 2018 Appointing the Chairman of the Financial Audit Authority,
Do hereby issue this
Resolution.
In addition to the Auditees stipulated in Article (18) of the above-mentioned Law No. (4) of 2018, the Financial Audit Authority may, at its discretion, exercise the duties and powers legally assigned to it, within and outside of the Emirate of Dubai, in respect of any company owned by another company in which the Government or Government Entities own twenty-five percent (25%) or more of the share capital.
This Resolution comes into force on the day on which it is issued, and will be published in the Official Gazette.
Maktoum bin Mohammed bin Rashid Al Maktoum
Deputy Ruler of
Dubai
Chairman of the
Financial Audit Authority
Issued
in Dubai on 19 September 2022
Corresponding to 23 Safar 1444 A.H.
©2023 The Supreme
Legislation Committee in the Emirate of Dubai
[1]Every effort
has been made to produce an accurate and complete English version of this
legislation. However, for the purpose of its interpretation and application,
reference must be made to the original Arabic text. In case of conflict, the
Arabic text will prevail.