UAE Accountability Authority inks cooperation MoU with ESCD

By Shilpa Annie Joseph, Official Reporter
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UAEAA-ESCD sign MoU
Officials during the signing ceremony | WAM

The UAE Accountability Authority (UAEAA) and the Economic Security Center of Dubai (ESCD) have signed a Memorandum of Understanding (MoU) in order to enhance strategic cooperation in the fields of integrity and the protection of public resources.

The UAE Accountability Authority (UAEAA) is the supreme institution for financial audit and accounting in the UAE. Its primary objective is to foster integrity, transparency, and accountability within the Emirates.

The Economic Security Center of Dubai was established according to Law no. (4) for the year 2016 to augment the legislation of economic security and to counters corruption and economic crimes.

The MoU was signed by Mohammed Rashid Al Zaabi, Head of the Control and Audit Sector at the UAEAA, and Faisal Yousuf Sulaitin, Executive Director of the ESCD.

The memorandum, signed at the authority’s headquarters in Abu Dhabi, intends to provide a joint framework focused on addressing financial and administrative violations and exchanging expertise and information between the two parties.

This cooperation aligns with the vision of wise leadership, which emphasizes the importance of coordination to prevent practices that could harm the national economy.

Earlier this month, the UAE Accountability Authority and the Federal Court of Accounts of Brazil (TCU) signed a letter of intent to enhance their future cooperation and sign a Memorandum of Understanding (MoU) in the coming period.

The meetings discussed several topics of mutual interest between the two sides. On the sidelines of the visit, both parties held operational meetings to exchange expertise and best practices and applications in the field of supervision to protect public resources.

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