Inventory and Accounting Regulations

Release Date:	1436-08-10
Release Tool:	Ministerial decision
Issuance Instrument Number:	3362
Validity:	Valid
Summary:	By AI The President of the General Auditing Bureau in Saudi Arabia issued a decision approving the draft Regulation for Inventory and Accounting, which requires the inventory of fund assets every three months and warehouses annually. Inventory committees are to be formed from experienced employees, with the necessity of having representatives from the Financial Department and the Follow-up Department. The regulation aims to enhance transparency and accountability in the management of public funds. Th...

Release Date:

1436-08-10

Release Tool:

Ministerial decision

Issuance Instrument Number:

3362

Validity:

Valid

Summary:

By AI

The President of the General Auditing Bureau in Saudi Arabia issued a decision approving the draft Regulation for Inventory and Accounting, which requires the inventory of fund assets every three months and warehouses annually. Inventory committees are to be formed from experienced employees, with the necessity of having representatives from the Financial Department and the Follow-up Department. The regulation aims to enhance transparency and accountability in the management of public funds. Th...