The Contracts Audit Unit is a specialized oversight unit concerned with reviewing and auditing the contracts and agreements concluded by the institution with various parties.
The unit aims to ensure the soundness of the legal and administrative procedures followed in preparing contracts.
It verifies the compliance of contracts with applicable laws, regulations, and instructions.
It reviews contract clauses to ensure their clarity and freedom from ambiguity or conflict.
It contributes to protecting the institution's rights and reducing legal and financial risks.
It works to ensure that all necessary approvals are completed before contracts are concluded.
It reviews the financial aspects of contracts and verifies their compliance with approved allocations.
It follows up on the contracting parties' commitment to the specified terms and obligations.
It contributes to the early detection of contractual violations or gaps.
It audits referral orders, supplementary contracts, and contractual amendments.
It coordinates with the relevant legal, financial, and technical departments.
It prepares periodic reports containing the necessary observations and recommendations.
It contributes to improving the efficiency of contract management within the institution.
It supports senior management in making contract-related decisions.
It works to standardize contractual templates according to approved standards.
It contributes to ensuring transparency and integrity in contracting procedures.
It maintains the confidentiality of contractual information and documents.
It supports internal and external audit requirements related to contracts.
It contributes to reducing potential legal disputes.
And it plays a pivotal role in promoting good governance within the institution.
