WHEREAS, strengthening the Audit system in the country plays an important role in providing reliable data useful for the effective management and administration of the national economy;

WHEREAS, it is necessary to ascertain that the financial management of the Federal Government Organizations, projects and programs follow proper accounting procedures and that the manner of revenue collection, fund disbursement and property management is in accordance with relevant rules and regulations;

WHEREAS, the Federal Government, having believed that public interest is affected and decides that it is essential to audit the accounts of Organizations or Companies other than those mentioned above, it is necessary to establish and strengthen an independent audit institution that undertakes such audits;

WHEREAS, to this end it is necessary to reestablish the Audit Service Corporation which was established by Proclamation No. 126/1977;

NOW, THEREFORE, in accordance with Article 5 of the Proclamation No. 982/2016 to Reestablish the Office of the Federal Auditor General and Article 2 Sub-Article (17) of the Proclamation to Amend the Establishment Proclamation of the Office of the Federal Auditor General Proclamation No. 1146/2019, it is hereby proclaimed.