Saudi General Bureau for Auditing’s President Dr. Hossam bin Abdul Mohsen Al-Angari has signed a memorandum of understanding (MoU) with the Chairman of the Chamber of Accounts of Azerbaijan, Mr. Vugar Gulmammadov in order to improve cooperation in the field of accounting, control, and professional work.
The MoU was signed in the presence of the Saudi Ambassador to the Republic of Azerbaijan, Dr. Hamad bin Abdullah bin Khudair.
Established in 1953, Saudi General Bureau for Auditing achieves financial discipline, improves the performance of the government agencies, monitors all the movable and immovable funds, and verifies its proper use. It also works to consolidate the principles of transparency and governance.
Dr. Hossam Al-Angari explained that the memorandum intends to improve cooperation between the two agencies in the areas of financial auditing and performance control, in accordance with the laws and regulations in force in both countries, and within the framework of the main provisions and principles of the International Organization of Supreme Audit Institutions (INTOSAI) and the Asian Organization of Supreme Audit Institutions (ASOSAI).
The President pointed out that this agreement comes as an extension of several similar agreements concluded by the Saudi General Bureau for Auditing with a number of counterpart agencies at the regional and international levels.
“These agreements reflect the high professional position held by the Bureau, and its ability to transfer what it has of distinct professional experiences to similar agencies in sister and friendly countries, which embodies the effectiveness of the Bureau in enhancing cooperation with the counterpart bodies in the regional and international organizations of INTOSAI,” Dr. Hossam Al-Angari further added.