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  • 20-09-21

    Saudi Arabia launches initiative to ensure implementation of global financial practices

    (MENAFN)According to a ministry statement, Saudi Arabia’s Finance Ministry inaugurated an initiative to guarantee implementation of the latest global financial practices in the government sector to raise its efficiency corresponding to the Vision 2030.

    It further declared that before the inauguration of the Financial Control and Support and Development Initiative, the ministry launched a self-assessment pilot program on selected government entities.

    The pilot project carried out field studies on the feasibility of self-assessment tools in government entities. The project wanted to assess the efficiency of the entities’ internal control systems, level of transparency, and overall control measures.

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