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Stronger int’l cooperation needed to enhance auditing efficiency

The State Audit Office of Vietnam (SAV) has actively applied international knowledge and experience to better ability of auditors and improve efficiency of its operation in new auditing fields, said Auditor General Ho Duc Phoc.
Stronger int’l cooperation needed to enhance auditing efficiency ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) - The State Audit Office of Vietnam (SAV) hasactively applied international knowledge and experience to better ability ofauditors and improve efficiency of its operation in new auditing fields, saidAuditor General Ho Duc Phoc.

Speaking at a roundtable conference with development partners jointly held bythe SAV and the World Bank (WB) in Vietnam in Hanoi on June 25, Phoc highlightedthe role played by the SAV in enhancing the accountability and transparency ofthe Government in managing public finance and fighting corruption.

According to the Auditor General, the SAV has received strong support, greatresources and technical assistance from development partners through technical assistanceprojects and ODA capital auditing programmes in Vietnam. Its developmentpartners include the WB, the European Union (EU), the Asian Development Bank(ADB), the Canadian Audit and Accountability Foundation (CAAF).

The SAV is focusing resources to complete the goals of the SAV developmentstrategy until 2020 and orientations for the sector in the time to come, hesaid.

Phoc affirmed the SAV’s commitment and top priority for the above-mentionedactivities to develop it into a modern and professional State audit agency.

The SAV appreciated experience from audit agencies in developed countries aswell as recent support provided by international organisations, he stressed.

Fily Sissoko, Manager, Governance Global Practice for the East Asia Region at theWB, said the conference offers a good chance for the SAV and its partners to discussand seek measures to enhance  cooperationin a more practical and effective manner in the future.

The WB has two important priorities related to breakthrough technology andenvironmental auditing, which are in line with Vietnam’s national partnershipstrategy.

Tran Kim Loc, Director of the SAV’s Department of International Cooperation, saidthe sector will give priority to establishing new auditing fields which willfocus on land, natural resources, minerals and environment-related auditing.

It will also pay due attention to promoting the application of high-technologyand information technology in managing and supporting auditing activities.-VNA
VNA
#State Audit Office of Vietnam #World Bank #public finance #corruption #SAV development strategy #national partnership strategy #auditing activities #Fily Sissoko #Vietnamplus #Vietnam News #Vietnam News Agency
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