Search
Close this search box.

Libya’s Marine Research Centre Levels Up Its Financial Auditing

A key institution dedicated to advancing research in fish biology, aquaculture, marine environment, and the ecology of endangered species, The Marine Biology Research Centre (MBRC) in Libya, sought to improve the financial oversight of its vital activities. Recognising the importance of ensuring that public funds are used efficiently for the betterment of society and environmental sustainability, the MBRC turned to Qabas to enhance its auditing capabilities. This initiative aimed to ensure that every resource is maximised in support of marine conservation and scientific advancement.

The Situation

MBRC operates with significant public funding to support its mission of protecting marine ecosystems. However, the effectiveness of its research and conservation activities depends not only on scientific expertise but also on robust financial management. With growing responsibilities and the need for increased transparency in managing budgets, MBRC identified a gap in its auditing capabilities. Addressing this challenge was essential to maintain the integrity of its operations, optimise expenditure, and ensure that every investment furthers its environmental objectives.

Our Approach

Qabas developed a specialised financial auditing training program aimed at empowering MBRC’s senior auditing personnel with advanced skills tailored to the public sector’s needs. The approach focused on the following areas:

  1. Advanced Auditing Techniques: Delivered in-depth sessions on modern financial auditing practices, emphasising risk management, compliance, and the detection of inefficiencies. This ensured that MBRC’s audits could withstand rigorous scrutiny while aligning with international standards.
  2. Environmental Accountability in Budgeting: Integrated sustainability considerations into financial oversight by teaching methods that evaluate the environmental impact of expenditure. This ensures that budget decisions prioritise conservation efforts and ethical resource use.
  3. Optimising Public Fund Management: Enhanced skills in tracking and evaluating fund allocation, enabling MBRC to ensure that financial resources are strategically invested in high-impact research areas. The training also introduced methods to improve transparency and reduce wastage in line with MBRC’s broader goals.
  4. Scenario-Based Workshops: Facilitated interactive workshops simulating real-world auditing challenges, allowing participants to apply learned techniques in contexts directly relevant to their roles. These sessions also encouraged the development of proactive strategies for continuous financial improvement.

Implementation

The intensive, week-long training was delivered in a focused format, combining theoretical knowledge with hands-on applications. The two senior employees received guidance on refining existing auditing processes while learning how to introduce new layers of financial scrutiny that align with MBRC’s mission. The training was structured to be immediately actionable, allowing the participants to implement best practices into their ongoing projects.

Results

MBRC’s auditing team is now better equipped to oversee financial processes with enhanced precision and accountability. The improved auditing capabilities not only ensure that public funds are spent wisely but also reinforce the centre’s commitment to responsible management in service of the environment and society. The streamlined financial oversight supports more targeted research initiatives, leading to tangible outcomes in marine preservation and sustainable aquaculture.

This strategic improvement positions MBRC to continue its leadership in environmental research while setting a benchmark for transparency and responsible resource management in the region. The enhanced auditing framework now serves as a critical support system, enabling MBRC to maximise its positive impact on both marine ecosystems and societal well-being in Libya.

YOU ALSO MAY BE INTERESTED IN
Libyan Trucks and Bus Co. (IVECO) Maximises Siemens SIMATIC S7 Automation Capabilities
A Libyan Retailer Unlocks the Power of Scale
How Brega Oil Uplifted Safety Practices in Hazardous Cargo Operations
Harouge Oil Operations Achieves Higher ICEs Uptime
REQUEST FOR PROPOSAL