The National Audit Office exercises the following functions with regard to the entities subject to its audit:
- First
Verify that the administrative bodies have collected the revenues due to the State, deposit thereof and add the same into their respective accounts. - Second
Verify that the expenditure has been incurred in an appropriate manner and within the approved limits of the budget appropriations, and in conformity with the objectives for which they have been allocated, and that the spending process through all its stages has been conducted according to the financial and accounting laws, rules and regulations. - Third
Audit the implementation of construction projects included in the plan. - Fourth
Audit all settlement accounts such as the deposits, loans and current accounts, and to ascertain the soundness of related transactions, and that figures thereof are registered in the accounts, and that they are correct and supported by legally prescribed documents. - Fifth
Audit the accounts of loans extended or received by the State or one of the entities subject to the audit of the National Audit Office. The Audit Office shall ascertain, in the first case, that the payment of the principal loan, its interest and related charges were made according to the conditions of the loan agreement, and ascertain, in the second case, that the State or the borrowing entity had paid the principal of the loan, its interest and the related charges in due time, and ensure, in both cases, that the financial conditions of the loan agreement are proper. - Sixth
Examine and review the resolutions relating to employment in the entities prescribed in Article (4) of this Law, with respect to employment, promotions, allowances, supplementary salaries, settlements, and the like, as well as travel and transportation allowances, in order to ascertain the soundness of such resolutions and their conformity with the rules of the State budget, and with all the financial rules, laws, regulations and resolutions regulating this subject matter. - Seventh
Examine and review the pensions accounts, indemnities, insurance payments, social insurance and subsidies, and ascertain their conformity with the laws, regulations and resolutions regulating them. - Eighth
Review the areas in which the public funds are invested inland and abroad, and funds of other entities subject to the audit of the National Audit Office, unless such review contradicts the laws regulating their work. The Audit Office shall also review the accounts of these investments, and the appropriateness of their returns, and make its due comments in this respect. - Ninth
Inspect all warehouses, stores and stocks belonging to the entities subject to the audit of the National Audit Office. - Tenth
Disclose acts of embezzlement, negligence and financial violations which occur in the entities subject to the audit of the National Audit Office, investigate the reasons behind that, and identify the weaknesses in the systems which led to their occurrence, or which assisted or facilitated their occurrence, and to propose the means for their treatment. - Eleventh
Carry out stocktaking of the currency, stamps and securities to ascertain their conformity with the related accounting entries. - Twelfth
Examine and review the final accounts of the State and the other public entities subject to the audit of the National Audit Office for the ended financial year with the objective of issuing an independent technical opinion on the correctness of these accounts and financial statements relating thereto, and to ascertain that they are prepared according to the applicable accounting standards. - Thirteenth
Study the reports of the auditors of the companies subject to the audit of the National Audit Office, and the audited financial statements and reports of their boards of directors. The Audit Office shall have the right to review any records, books documents or papers concerning the business of these companies. - Fourteenth
Ascertain the soundness and legality of the use of the funds of the entities subject to its audit and their proper management, as well as their administrative aspects.