Monday 20 July 2020
Dr.Mohamed Nassar, expert in governance and financial control, opened the sessions of the third week of the first meeting of the Department of Finance (prospects for the accounting and financial future in preparation for the fifty), with a working paper entitled (Professional ingredients to implement an effective system of financial control within government institutions), where the seminar included the following four axes ( The concept of financial control in the framework of the overall structure of comprehensive internal control, classification of procedures for "financial control", the sequence of responsibilities for financial control, obstacles facing the application of effective financial control)
He explained that "financial control" tries to protect the wealth of the government or the government entity represented in (the life and health of employees, money, fixed assets, inventory, goodwill and reputation, information, copyrights and knowledge) ... and stressing that the risks surrounding us are continuing forever and ever; (Financial risks, operational risks, strategic risks, technical risks, compliance risks, security, health and safety risks, business continuity risks), and institutional internal control comes to protect from those risks and reduce them, and this control is represented in (financial control, operational control, technical control Strategic control).