HM King of Bahrain receives 2017/2018 NAC report

Manama, Dec. 4 (BNA): His Majesty King Hamad bin Isa Al Khalifa today at the Sakhir Palace received President of the National Audit Court (NAC), Hassan bin Khalifa Al Jalahma, who presented the 2017/2018 NAC report. HM the King praised the NAC’s President and staff to preserve the public money, pointing out their keenness to follow the highest standards of integrity, professionalism and transparency, as well as their resolve to perform their responsibilities to the fullest. Following meeting with HM the King, the NAC's President took pride in meeting HM the king to submit the 2017/2018 NAC report under Article 19 of the NAC Law. The NAC's President said the 2017/2018 report documents the NAC efforts since its inception 15 years ago as a financial regulatory authority in charge of preserving public money, the legitimacy of its use and its good management. He highlighted the NAC’s adopted strategies to keep pace with the latest international auditing standards and improving the government agencies’ performance and services. He said the NAC has achieved 96 regulatory missions targeted various government sectors, including economic, service and health, and issued 124 auditing reports accordingly. It also issued the State’s Consolidated Final Statement, Future Generation Reserve Account, in addition to reports related to administrative and performance control. The NAC's President paid tribute to the royal support for the development of the NAC to maintain its independence that assisted in performing its duties professionally and efficiently. He took pride in listening to the royal directives and remarks about the report content and the NAC’s regulatory role in maintaining the public money and ensuring legitimacy of its spending.