The Financial Audit Department (FAD) is the supreme audit institution of Dubai and was established by the law No (1) of 1995 issued by His Highness the Ruler of Dubai on 29 January 1995, mended by the Law No (5) of 2000. Subsequent amendment by Law No.(3) of 2007 made FAD further independent, by empowering a direct reporting channel to His Highness the Ruler of Dubai.
The audit jurisdiction of FAD covers all government departments, public corporations, companies in which the Government shareholding is above 25%, organizations for which the Government provides a financial subsidy, and/or any other body where an audit is commissioned by His Highness the Ruler of Dubai.
The FAD conducts regular financial audits, information systems audits and performance audits for ascertaining the extent of legality, adequacy of financial prudency and management of financial operations. The objectives include reviewing of efficiency, effectiveness and economy in planning, directing, execution, controlling and monitoring of operations.
The FAD's vision is 'looking forward for more transparency, objectivity and integrity in managing public funds.' The FAD's mission is 'cooperation with the auditees to ascertain legality, adequacy and correct calculation with sound management of public funds and achieving the highest level of performance.'