Regulation of the General Court of Audit's Oversight on Private Institutions and Companies in which the State Contributes to their Capital or Guarantees a Minimum Profit

Release Date:	1398-04-18
Issuance Instrument Number:	390
Validity:	Valid
Date of last amendment:	1442-05-28
Summary:	By AI The Council of Ministers approved a draft regulation for general oversight of private companies in which the state contributes to the capital, based on a request from the President of the General Auditing Bureau. The regulation includes requirements for financial oversight, such as the submission of accurate annual financial reports supported by documentation, to be provided to the Bureau 25 days before the end of the financial year. The Bureau is also required to conduct investigations as neces...

Release Date:

1398-04-18

Issuance Instrument Number:

390

Validity:

Valid

Date of last amendment:

1442-05-28

Summary:

By AI

The Council of Ministers approved a draft regulation for general oversight of private companies in which the state contributes to the capital, based on a request from the President of the General Auditing Bureau. The regulation includes requirements for financial oversight, such as the submission of accurate annual financial reports supported by documentation, to be provided to the Bureau 25 days before the end of the financial year. The Bureau is also required to conduct investigations as neces...