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The Financial Supervision Authority announces the development of a systematic plan to complete the final accounts for the remaining years
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Economy News - Baghdad
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Added 06/13/2024 - 4:33 PM
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Office of Financial Supervision Building
Office of Financial Supervision Building
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Economy News - Baghdad
The Federal Office of Financial Supervision announced, on Thursday, the development of a systematic plan with specific completion dates for the final accounts for the remaining previous years.
The Deputy Head of the Bureau, Qaiser Ghazi Zaghir, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “there are many problems in the state’s final account, including the financial statements submitted by the Ministry of Finance.”
Zaghir added, “The Ministry of Finance collects all the final statements of the ministries and later sends them to the Bureau of Financial Supervision,” noting that “there are some obstacles in submitting the data, unifying them, and sending them to the Bureau.”
He pointed out that “relentless efforts were made in coordination between the Financial Supervision Bureau and the Ministry of Finance and under direct guidance by the Prime Minister, and more than one meeting was held between the Ministry, the Bureau and the relevant authorities, and a systematic and specific plan was developed with a specific completion date for the final accounts for the remaining years, as for the final accounts of the ministries individually.” It will continue to be approved for several years until 2023.”
He pointed out that "the last final account was approved in the 2014 budget, and the final account for the year 2015 was also sent to the Council of Ministers to be sent to the House of Representatives. The final account for 2016 was also completed, and the Bureau is now working on auditing the final account for the year 2017."
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