Following the merger of the Dubai Water Department and the Dubai Electricity Company into a single statutory body – Dubai Electricity & Water Authority, KPMG – UAE was retained to design, develop and implement detailed financial and commercial procedures for a unified billing, accounting, inventory control, procurement, budgetary control and financial management reporting systems. As Project Manager, Global Best Practice Group’s expert led a team of consultants that set up the revised financial systems and ensured implementation through training workshops. Based on the success of the financial management assignment, the firm was awarded the Management Audit of the newly established authority for a period of 2 years. This involved review of all technical, financial and administrative activities, undertaking efficiency cum performance audits and development and documentation of internal audit procedures. Supervision of joint audit teams, preparation of audit and control checklists for each functional area, risk assessment, discussion and presentation of reports to management and implementation of revised procedures and recommendations was also undertaken.
Consultants
to the Development World ™
