MUSCAT -- Sayyid Abdullah bin Hamad al Busaidy, Chairman of State Audit Institution (SAI), signed an agreement with Subhankar Patra, Director of Finteq Enterprises Private Ltd, India, to design and develop a software application for Audit Planning and Scheduling System (APSS) here yesterday. According to SAI officials, the application, in addition to optimising the audit planning process based on audit risks and organisational and resources constraints, will optimise the skill of audit teams.
The project is expected to help SAI maximise the coverage of audit in the long and medium term, provide flexibility to audit planning by enabling rescheduling of audit programmes and the audit teams. It will also enable monitoring progress of implementation of audit plan according to the organisational standards and best practices. The signing of the agreement is part of the process initiated by SAI to introduce modern technology in the area of auditing and to keep abreast with rapid developments in the Sultanate in the field of planning and modernisation.
The project being implemented by SAI is part of the Seventh Five-Year Development plan (2006-2010). Finteq will develop this software in association with SaltLake Infosolutions Pvt Ltd, India. The local sponsor for this project is Al Hatmy Engineering Consultancy LLC. The signing ceremony was attended by Nasser bin Hamoud al Rawahi, Deputy Chairman of SAI, and senior officials of the institution.
By Khalid al Jadidi
© Oman Daily Observer 2007
