—Audit Management Software · Oman
The Oman audit framework is administered by the Financial Services Authority (formerly the CMA) and the Central Bank of Oman. The Code of Corporate Governance for Public Listed Companies is mandatory under Article 50 of the Capital Market Law, and 2025 saw mandatory ESG disclosure on MSX go live. ControlVista is the bilingual, on-premise audit management software that absorbs IFRS S1/S2 alongside the existing internal-audit perimeter.
The Oman regulatory perimeter
—The Three Pillars
The corporate-governance code, the central-bank rulebook, and the public-sector audit body — the three regulators every internal audit function answers to.
Mandatory under Article 50 of the Capital Market Law. Governs audit-committee composition and duties for listed entities. A specific rule bars the audit-committee chair from chairing any other committee — reinforcing the function's independence.
Issues regulations on corporate governance, risk management, internal audit and compliance for licensed banks. The framework is more dispersed than CBUAE/SAMA rulebooks but covers the same substantive ground.
Restructured in 2024 as the State Financial and Administrative Audit Authority under a royal decree, evolving from the State Audit Institution that became an independent body under Royal Decree 95/1999. Reports to the Sultan.
—What Changed in 2025–2026
The developments your audit committee will ask about — and the ones your software shortlist needs to absorb without re-platforming.
Covers FY2024 across 30 metrics aligned to the GCC Unified Metrics + GRI. Listed entities and large state-owned issuers (such as OQ) now produce annual sustainability reports that internal audit teams must assure.
Adoption mandates ISSB-aligned reporting for listed PJSCs and financial institutions. The internal-audit perimeter must include sustainability data controls alongside financial-reporting controls.
Amends Royal Decree 18/2019 to refine audit-committee requirements for SAOCs and SAOGs and strengthen related-party controls.
A royal decree restructured the SAI as the State Financial and Administrative Audit Authority, broadening the public-sector audit mandate.
The IIA Oman Chapter (founded 2003) anchors implementation of the new 5 Domains / 15 Principles / 52 Standards architecture across the Sultanate.
—Why ControlVista in Oman
ControlVista absorbs the IFRS S1/S2 perimeter the FSA just adopted alongside the existing internal-audit lifecycle. On-premise deployment respects the procurement norms of Omani banks and government entities, and the platform's bilingual rendering removes the translation pass that committee secretariats currently do by hand.
Runs inside the perimeter Oman procurement teams already accept. Your data centre or private cloud, never our cloud. Source-code escrow available.
English and Arabic on every user-facing field. Oman audit-committee packs render natively in both languages — not as a translation overlay.
Universe, strategy, plan, engagement, opinion, action — the lifecycle the new Standards require, with evidence of conformance produced as a by-product of work.
VistaAssist accelerates writing across every module, then hands judgement back to the auditor. Drafts attributed, editable, always inside the perimeter.
—Frequently Asked
Yes. Sustainability data controls join the existing financial-reporting and operational controls in the platform's universe; engagement reports cover the integrated scope without forcing a separate ESG tool.
Yes. Three-stage sign-off, risk-based annual planning, audit-committee reporting and combined assurance with the second line are core to the platform — and align directly with the CBO's regulations on internal audit, compliance and risk management.
Yes. The combined-assurance view distinguishes between internal-audit and SFAAA-audited scope; engagement reports are exportable in formats compatible with SFAAA review cycles.
Yes. Arabic is stored at the field level, not as a translation overlay. RTL layouts and Arabic-first committee packs are produced from the same engagement record as the English version.
Yes. ControlVista runs on-premise by default, and can be deployed inside Omani private clouds. The vendor never has access to engagement files.
—Across the Gulf
QFMA · QCB · State Audit Bureau · IIA Qatar
SCA · CBUAE · UAEAA · ADAA · UAE IAA
CMA · SAMA · GCA · SAIA
CBB · MOIC · National Audit Office · IIA-Bahrain
CMA · CBK · State Audit Bureau · IIA Kuwait
—Request a demo
A 30-minute walkthrough with the team that built it — from the audit universe to the board-ready committee pack, in English and Arabic.
A product of Vantage Technologies.