Vietnam steps up international audit cooperation

Auditor General of the State Audit of Vietnam (SAV) Ho Duc Phoc had a meeting with Auditor General of the Chinese National Audit Office (CNAO) China Hu Zejun on July 22 in the framework of the 54th Asian Organisation of Supreme Audit Institutions (ASOSAI) Governing Board Meeting in Kuwait.
Vietnam steps up international audit cooperation ảnh 1Both officials sign a Memorandum of Understanding to consolidate and step up cooperation framework.
(Photo: VNA)

Kuwait City (VNA) – Auditor General of the State Audit of Vietnam(SAV) Ho Duc Phoc had a meeting with Auditor General of the Chinese NationalAudit Office (CNAO) Hu Zejun on July 22 in the framework of the 54th Asian Organisation of Supreme Audit Institutions (ASOSAI) Governing BoardMeeting in Kuwait.

As the CNAO is an important and traditional partner of the SAV, Phoc hoped bothaudit offices will continue collaboration in accordance with bilateral andmultilateral cooperation frameworks, including enhancing delegation exchangesin IT auditing, big data auditing, IT application in auditing, environmentalauditing, and auditing of economic responsibility, among others.

The SAV wants to receive further support and closer coordination from theChinese side at multilateral forums, he said, wishing leaders of both auditagencies would hold regular meetings to boost collaboration as Vietnam isassuming the chairmanship, and China is holding the role as General Secretaryof the ASOSAI during 2018-2021.

The move will help both sides successfully carry out the ASOSAI Strategic Planfor the term 2018-2021, and the Hanoi Declaration on Environmental Auditing forsustainable development.

Phoc stressed Vietnam expects to receive China’s endorsement for the country’s membershipat the International Organisation of Supreme Audit Institutions (INTOSAI)’sgoverning board for the 2019-2025 tenure.

For her part, Hu Zejun affirmed her office will continue collaborativeactivities with the Vietnamese office as well as organise exchanges of expertsand training courses in the fields of their interests.

The CNAO stands ready to share experience with Vietnam in improving capacityfor auditors, she added.

Following the meeting, both officials signed a Memorandum of Understanding toconsolidate and step up cooperation framework as well as effectivecollaboration in public auditing based on equality, mutual benefits andcomplying with regulations in each country.

The same day, Phoc met with President of Kuwait’s State Audit Bureau (SAB) AdelAl-Sarawi, during which Phoc congratulated the SAB on its 55th anniversary, and thanked SAB for supporting Vietnam to host the 54th ASOSAI Governing Board Meeting, creating a venue for the members to discussmeasures to carry out the Hanoi Declaration and build the ASOSAI strategic planfor new tenure.

Vietnam steps up international audit cooperation ảnh 2Auditor General of the State Audit of Vietnam (SAV) Ho Duc Phoc (L) and President of Kuwait’s State Audit Bureau (SAB) Adel Al-Sarawi (Photo: VNA)

Phoc expressed his hope that both sides will have more cooperative activitiesin oil and gas auditing, IT auditing and mining auditing.

Reviewing the success of the 14th ASOSAI Assembly, Adel Al-Sarawisaid the Hanoi Declaration is an important document, outlining specific tasksto build stable relations between the two audit agencies and among ASOSAImembers as a whole.

Touching on challenges and advantages in auditing, he said both sides willcontinue research to re-sign their cooperative agreement, organise delegationexchanges in the auditing fields of their strengths.-VNA
VNA

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