Article 26 of the Saudi Financial Control Law

This article opens Chapter Seven on the final provisions and sets up a mechanism of accountability at the highest level for the performance of financial control.

What the article provides:

• Who submits the report? The Minister, who under Article 1 is the Minister of Finance.
• To whom? To the Prime Minister.
• When? Annually.
• What? A summary of the financial control work.

The article does not set the content of the report in detail, nor when in the year it is submitted, nor does it require its publication. It is satisfied with stating the annual obligation and its general content.

The importance of this report is that it brings together in brief form the outcome of what the Ministry does under the Law, including:

• Applying financial control by its four methods: direct, self, digital and report-based control (Article 5).
• Setting corrective procedures with entities and preparing observation reports (Article 4).
• The violations discovered and what is done about them (Articles 22 to 25).

This is consistent with the Law's objective in Article 2 of strengthening responsibility, integrity and transparency: the Ministry that controls entities is itself required to submit a report on its work. This article does not create rights or obligations that apply directly to individuals or to the entities subject to control.

Article 27 follows, which regulates the issuing of the Implementing Regulations and the decisions and instructions needed to apply the Law.