UAE Accountability Authority Shines at Gitex Global 2024
The UAE Accountability Authority (UAEAA) has successfully concluded its participation in Gitex Global 2024, the world’s largest technology event, held from October 14 to 18 at the Dubai World Trade Center. This year’s event served as a platform for the UAEAA to showcase its unwavering commitment to digital transformation in the realms of auditing and accountability. By highlighting innovative solutions, the authority aims to enhance the efficiency and quality of auditing and governance processes for federal bodies and subject entities.
Strategic Partnerships for Enhanced Accountability
A significant highlight of the UAEAA’s participation at Gitex Global 2024 was the announcement of two strategic partnerships with industry leaders SAP and Core42. These collaborations are set to revolutionize the authority’s operational capabilities and align its practices with international best standards.
Haifa Al Shimmari, head of the Corporate Support Sector at UAEAA, emphasized the importance of these partnerships in reinforcing the authority’s position as a global leader in leveraging cutting-edge technologies. “Participating in Gitex Global demonstrates our commitment to enhancing financial control, accountability, and governance processes in federal entities,” she stated. This initiative not only strengthens the UAE’s reputation but also boosts global confidence in its financial system.
The partnership with SAP involves the adoption of the RISE with SAP platform, which will streamline human resources and financial management within the UAEAA. This collaboration aims to unify procedures under a cohesive framework, thereby improving the efficiency of the authority’s digital infrastructure and enhancing institutional operations. Decision-makers will benefit from real-time access to accurate data and analysis, facilitating informed decision-making.
In addition, the UAEAA has partnered with Core42, a G42 company, to migrate its cloud systems to Microsoft Azure. This strategic move will enhance the authority’s cybersecurity, flexibility, and integration of AI and machine learning technologies. Core42 will also provide training to the UAEAA team, enabling them to obtain Microsoft Azure certification, further enhancing their technical capabilities.
Launch of Innovative Platforms
At Gitex Global 2024, the UAEAA unveiled Al Mersad, a groundbreaking platform that integrates AI applications in auditing, making it the first of its kind globally. This innovative solution marks a significant leap in the digital transformation of auditing and accountability practices.
Al Mersad features an advanced audit management system that employs AI technologies to streamline auditing processes. By reducing the time, resources, and effort required to prepare accountability reports, the platform enhances the overall quality of audits. Additionally, it offers risk assessment capabilities through AI-supported data pattern matching, allowing for more accurate and timely evaluations.
The platform also includes a smart uploader tool, which enhances system flexibility by seamlessly integrating various file formats from different sources. This tool ensures data accuracy and integrity by detecting and correcting errors during the data upload process. It is capable of managing large volumes of data without compromising system performance, and it enables tracking of the completion rate of data upload tasks by subject entities.
Furthermore, the UAEAA introduced Infosight, a centralized platform designed for effective business management and communication within the organization. This multilingual solution offers a range of functionalities, including tailored document templates, electronic signatures, data verification and protection, advanced search and reporting, and enhanced auditing capabilities.
Commitment to E-Governance and Best Practices
The UAEAA’s initiatives at Gitex Global 2024 reflect its dedication to promoting a culture of e-governance among subject entities. By enabling these entities to adopt best practices that uphold the principles of integrity, transparency, and sound management, the UAEAA aims to foster a robust financial ecosystem.
Haifa Al Shimmari reiterated the authority’s mission, stating, “At the UAEAA, we aim to promote a culture of e-governance among subject entities, enabling them to adopt best practices that uphold the principles of integrity, transparency, and sound management.” This commitment not only enhances the operational efficiency of federal entities but also contributes to the overall stability and reliability of the UAE’s financial system.
Conclusion
The UAE Accountability Authority’s participation in Gitex Global 2024 underscores its proactive approach to embracing digital transformation in auditing and accountability. Through strategic partnerships and the introduction of innovative platforms, the UAEAA is setting new benchmarks in governance and financial management. As the authority continues to lead the way in leveraging technology for enhanced accountability, it reinforces the UAE’s position as a global leader in financial integrity and transparency.
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