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CAG inks pact with UAE Accountability Authority

by Blitz India Media
September 7, 2024
in Dubai
0
CAG

The Comptroller and Auditor General of India signed a Memorandum of Understanding (MoU) with the UAE Accountability Authority.

The objective of this MoU — signed in Abu Dhabi on September 2 — is to promote and develop cooperation between the two Supreme Audit Institutions (SAIs) in order to strengthen respective institution’s professional capacity and improve methodologies in the field of public sector audit.

During the signing ceremony, CAG of India Girish Chandra Murmu expressed his enthusiasm for the partnership, stating, “This MoU is a testament to the shared values and goals of our institutions and reinforces the strong ties between India and the UAE.” He added that the agreement would create opportunities for greater collaboration and learning between the Supreme Audit Institutions.

‘The agreement would create opportunities for greater collaboration and learning between the Supreme Audit Institutions’

The MoU aims to focus on areas such as knowledge exchange, capacity building, and best practices in public sector auditing. Humaid Obaid Khalifa Obaid Abushibs, President of the UAE Accountability Authority, emphasised the importance of the MoU in enhancing external audit practices and strengthening bilateral relations. He noted that the cooperation would contribute to improved governance and accountability in both countries.

The MoU marks a significant step forward in strengthening public sector audit cooperation between India and the UAE, paving the way for greater transparency, efficiency, and accountability in Government operations.

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