The General Auditing Bureau (GAB) is to monitor government agencies' bank transactions to ensure they comply with legal regulations. It will check account balances and ensure they were opened and used by government agencies. The move will ensure that allocated public funds are used properly. “The electronic monitoring system plan will be based on five European e-auditing models. It follows the Council of Ministers' call for the transfer of governmental financial paperwork transactions to electronic within three years,” a source said. Special committees will also be authorized to check warehouse stocks and trusts and spot-check governmental facilities. It will also ensure that statements and ledgers tally with amounts deposited in the bank. GAB is now examining 10 government computer networks in order to electronically link them. “Government agencies have been urged to comply with GAB's requirements before hiring consultants to implement e-transaction systems. GAB also urged the General Administration Institute to train government financial sector employees in preparing financial statements,” the source said. __
