ALRAQABA . ISSUE 16
61
The State Audit Bureau
of Kuwait Organizes a
Seminar on Risk-Based
Audit in Cooperation with
the State Audit Bureau of
Qatar
The State Audit Bureau organized a seminar on
“Risk-Based Audit; the Experience of the State
Audit Bureau of Qatar” presented by the Director
of Risk and Quality Department at the State Audit
Bureau of Qatar, Sheikh Sultan Al-Thani. The aim
of the seminar was to exchange experiences
and knowledge in this field and to activate the
cooperation between the two SAIs.
The seminar dealt with the risk management
system, development initiatives and projects,
and the use of the best techniques in surveying,
evaluating, and managing risks. Besides, it
has introduced the risk management project
that achieves several objectives, including
establishing the concept of risk-based audit,
identifying risks in the state’s entities and
sectors, establishing a system of early warning
indicators, and promoting risk awareness in the
state’s various entities.
In addition, the seminar focused on the levels
of risks and their definition by highlighting the
main risks at the global, regional, and national
levels that directly affect the market sector in
Qatar. Moreover, it included the institutional risks
at the level of the entities subject to audit that
threaten the ability of such entities to achieve
their strategic objectives and outcomes. It has
also highlighted the sustainability of risks on the
level of the main departments in government
bodies and institutions subject to the audit of the
State Audit Bureau.
The seminar covered the project of risk
management development in the State Audit
Bureau of Qatar, which is derived fromQatar 2030
Vision, stating that Qatar’s economic strategy
shall consider the various risks hindering the
achievement of its ambition. The project included
the time frame for risk management, as well as
the risk record, its environment, standards, and
the applied methods for risk treatment.
It is worth noting that the State Audit Bureau of
Qatar was established in 1973 and it directly
follows the Emir of the State of Qatar. Its
establishment aims to preserve public funds,
verify the legality of its use, and to verify the
validity of financial data. It is also aimed at
improving the use of state resources to achieve
sustainable development and community well-
being, in addition to contributing to upgrading
the principles of accountability and transparency
of the bodies subject to the State Audit Bureau’s
control.
Audit Institutions
Organizations and
