14 ALRAQABA . ISSUE 18 protection and optimum use. SAB also plays a role in ensuring that the proposed plans and programs accomplish their projected goals and reach their objectives. Furthermore, SAB is keen on building firm and constructive connections with its auditees, as demonstrated by the motto it embraces, “Partners and Auditors”. It aims to contribute to assisting these entities in regulating their financial and accounting operations and working to find solutions to the difficulties they face during the practice of their duties. This is only possible by maintaining effective cooperation with different State institutions at all levels. The SAB’s financial control covers all public ministries, departments, and authorities, which constitute the State’s administrative body. It also includes all municipalities and other local public corporate bodies, aswell as the public authorities, institutions, and facilities that are affiliated with the State, its municipalities, or other local public corporate bodies. In addition, SAB also audits companies or organizations of which the State or any other public legal entity holds a share of no less than 50% of their capital or is guaranteed a minimum limit of profit. Furthermore, the SAB’s control also covers companies that are authorized to use or manage States facilities or ones that are granted rights to exploit the State’s natural resources. SAB performs its duties which concentrate on auditing, examination, and review. The SAB’s audits may take place without notice and are performed by the SAB technical staff who are highly qualified with credentials in law or commerce or their equivalent, received from educational institutions acknowledged by the relevant official entities in Kuwait. SAB has also enhanced its technical body by employing experienced professionals in the fields of engineering, IT, and administration, all for the aim of enhancing the effectiveness and capacity of its control. Audits take place either in the auditees’ workplace or in the SAB building, the matter which is determined by SAB in accordance with the work’s interest. SAB’s Audit Methods and Prominent Audit Reports: SAB practices its financial control by applying two audit methods that are consistent with the state of affairs and systems in Kuwait. SAB combines the methods of pre-audit and SAB News
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