1. The accounts of the Authority shall be audited by one or more external auditors, appointed periodically by the Board, which shall also determine their annual remuneration. 2. The Authority shall submit its financial statements to the appointed auditor for the purposes of annual review and audit. 3. The auditor shall prepare a report on the Authority’s financial statements in accordance with the applicable reporting standards and submit it to the Board. The report shall include a statement expressing the auditor’s opinion on the accuracy of the Authority’s financial statements for the relevant fiscal year, the results of its operations, and its cash flows during that year. 4. The auditor shall, during all standard working hours, have access to any information necessary for the preparation of their report, including information held by any employee of the Authority, and shall be entitled to request any information or explanations from the Authority’s employees as deemed necessary for the proper performance of their duties. 5. The Authority shall issue its audited financial statements, duly approved by the Board, prior to the date specified in the financial circular issued by the Ministry of Finance, in order to enable the UAE Accountability Authority to issue its preliminary report on the Authority’s final accounts. 6. The Authority shall submit a copy of the approved external auditor’s report to the Ministry of Finance within the period specified in the financial circular issued by the Ministry of Finance. 7. No person shall, without a valid excuse, deliberately perform any act that obstructs the auditor in the performance of their duties.
Interpretation and application must be checked against the official text and current version.