First Dubai entity to conform to benchmark set by global accounting standards
The Roads and Transport Authority (RTA) in Dubai has become the first government entity in the emirate to release audited financial statements conforming to standards set by International Accountants.
Ahmad Al Kaabi, executive director of finance in the corporate administrative support services sector of the RTA said: “The system improves the transparency of our reports and facilitates the issuance of consolidated financial statements across Dubai Government.
“RTA’s Department of Finance is keen to adopt top international standards in all operational processes. It also enabled RTA to automate 30 procedures in various sections including budget, accounts, financial audit, treasury, revenues, costs, financial studies and collection, which has cut the number of visiting clients.
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Courtesy to Gulf News