Which entity in Oman is responsible for financial and administrative audit across all government ministries, public authorities, and state-owned companies?

Answer and explanation

Correct answer: C. The State Financial and Administrative Audit Authority (SFAAA)

  1. Step 1: The State Financial and Administrative Audit Authority (SFAAA) reports directly to His Majesty the Sultan.
  2. Step 2: It exercises independent financial, performance, and compliance audits to prevent corruption, safeguard public funds, and ensure efficient administrative governance.
Answer
The State Financial and Administrative Audit Authority (SFAAA).
Why not the others: 'The Central Bank of Oman' regulates the banking sector and monetary policy; 'The Ministry of Commerce, Industry and Investment Promotion' oversees commercial registration and trade; 'The Capital Market Authority' regulates the Muscat Stock Exchange.

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