State audit agency boosts ties with Turkish Court of Accounts

Hanoi (VNA) – A delegation of the State Audit Office of Vietnam (SAV) led by State Auditor General of Vietnam Ngo Van Tuan paid a working visit to the Turkish Court of Accounts (TCA) from December 9-14.

At their meeting, State Auditor General of Vietnam Ngo Van Tuan and President of TCA Metin Yener reached consensus to upgrade the bilateral cooperation relationship to a new level.

The SAV will boost cooperation with the TCA within bilateral and multilateral frameworks and make practical contributions to the regional and international accounting and auditing community in the coming time.

The two sides have planned to promote exchange of high-ranking delegations, and discuss priority goals and cooperation contents towards signing a bilateral cooperation agreement, and organise professional working groups on topics of common concern.

On the other hand, the TCA will send experts to train auditors of the SAV in Vietnam and invites officials and auditors of the SAV to Turkey to participate in seminars and conferences on specialised topics.

The two sides agreed to promote the exchange of high-level visits to assess the cooperation process and guide future cooperation activities; exchange technical expert delegations to share in-depth experiences in public audit; organize general conferences and seminars on areas of common interest such as environmental audit, IT audit, and auction audit.

Within the framework of multilateral cooperation, the SAV has suggested that the two sides continue to support each other and coordinate closely at multilateral forums under the International Organisations of Supreme Audit Institutions (INTOSAI) and Asian of Supreme Audit Institutions (ASOSAI). This is especially the case as both sides are members of the ASOSAI Governing Board for the 2021-2024 tenure, to implement the ASOSAI’s strategic plans in the 2022-2027 period.

The SAV has called for the TCA’s support for its candidacy for a seat in the ASOSAI’s Audit Committee in the 2024-2027 tenure, thus practically contributing to the ASOSAI community in the coming time.

The SAV wished that the TCA will share experience and help train the SAV’s core auditors in auditing ASOSAI’s financial fund in accordance with ASOSAI's practices and international auditing standards.

Previously, the cooperation between the SAV and the TCA focused mainly on activities in the multilateral framework with meetings on the sidelines of multilateral events held in Vietnam and other countries.

With its experience and role as a member of the Governing Board of the Asian Organisation of Supreme Audit Institutions (ASOSAI) in many tenures, the TCA has always supported the SAV in multilateral forums.

The TCA has supported the SAV to become a member of the ASOSAI Governing Board for the 2015-2018 period; attended and supported the 14th ASOSAI Congress in 2018 in Vietnam. It has also contributed to the report on the implementation of the Hanoi Declaration on environmental auditing for sustainable development with solutions to help Supreme Audit Institutions (SAIs) respond to challenges in the region.

In addition, the TCA also supported decisions of the SAV – the Chair of ASOSAI, approved at the 15th ASOSAI Congress held online in 2021.

The two agencies have laid the first foundations for bilateral activities through meetings on the sidelines of the framework of regular events of international and regional organisations that the two sides are members.

The TCA is one of the active members of ASOSAI, which holds the position of member on the Governing Board for many terms, including: 2021-2024, 2015-2021, 2009-2012, 2006-2009. It was a member of the ASOSAI Audit Committee for the terms: 2018-2021, 2012-2015, 2003-2006, 2000-2003. Currently, the TCA is a member of the ASOSAI Governing Board for the 2021-2024 term and a member of the European Organisation of Supreme Audit Institutions (EUROSAI) Governing Board for the 2021-2024 term.

Currently, the agency has eight specialised audit units that perform three types of audits: financial audits, compliance audits, and performance audits, with a focus on the first two.

It has strengths in financial audit, performance audit, IT audit, international financial reporting standards and public procurement audit./.