The Kuwait Audit Bureau, established in 1964,
is an independent democratic institution affiliated
to the National Assembly. The Bureau's principle
responsibility is to monitor the State's revenues
and expenditures. It supervises the collection
of state income and expenditures and ensures
that the systems and means used are appropriate
to protect public funds. This supervision covers
all ministries, public administrations, municipalities,
public institutions and authorities and those
companies in which 50 per cent of the capital
is owned by the State.
The Chairman of the Bureau is appointed by
an Amiri Decree following a nomination by
the Speaker of the National Assembly and approval
of the nomination by a majority of the members.
The Chairman cannot be relieved of his office
without the approval of the majority of members.
The responsibilities and authority of the
Bureau extend to employment affairs, tenders
and inspection of stocks of stores, warehouses,
workshops and libraries. At the end of every
financial year, the Bureau prepares an Annual
Report.
The Audit Bureau participates in local, regional
and international conferences and seminars
- including those of the heads of GCC audit
bureaus. It is an active member of three international
organisations, including some of the higher
financial auditing bodies of the world.
