The Ministry of Finance, represented by the Financial Skills Center, has launched the “Self-Oversight Program" as part of the Financial Oversight Development Initiative, in a step aimed at empowering government entities to adopt modern oversight models that enhance financial sustainability and improve the efficiency of public financial management, in line with the objectives of Saudi Vision 2030.

The program includes two specialized training tracks. The first focuses on internal control and internal audit, by strengthening concepts and practices of internal control, enhancing general IT controls, and supporting internal audit standards. The second track focuses on governance, risk, and compliance, through developing capabilities in enterprise risk management, strengthening governance practices, and improving the effectiveness of compliance assessment within government entities.

The program represents an extension of the Ministry's efforts to develop the financial oversight ecosystem, through transitioning toward a “self-oversight" model that enhances the role of government entities in managing risks and adhering to financial regulations, while leveraging technological advancements to improve the efficiency of oversight processes.

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