GCA Hosts 20th Annual Symposium To Enhance Public Sector Efficiency Through Auditing

The General Court of Audit (GCA), through the Saudi Center for Financial and Performance Audit (SCFPA), hosted its 20th annual symposium in Riyadh. The event, themed "The Role of Auditing in Enhancing the Efficiency and Effectiveness of the Public Sector," attracted over 450 leaders and specialists from government financial departments, supreme audit institutions, and international organizations.

Dr. Hussam bin Abdulmohsen Alangari, President of GCA, highlighted the symposium's significance in addressing modern auditing and accounting topics over two decades. He noted that recommendations from these gatherings have reinforced transparency and governance in public-sector auditing, aligning with global standards.

The first panel discussion focused on "Enhancing Accountability and Transparency in the Public Sector." Experts from both local and international backgrounds discussed how financial and compliance auditing serve as independent tools to foster transparency and accountability. They stressed the need for a robust regulatory environment and effective communication channels to ensure ongoing oversight in the public sector.

Participants also examined international best practices of supreme audit institutions in implementing audit recommendations and enhancing auditing capabilities. These discussions underscored the importance of continuous follow-up mechanisms to maintain accountability within public sectors.

The second panel titled "The Impact of Performance Auditing in the Public Sector" featured officials sharing experiences from various regions. They explored performance auditing as a strategic tool that aids decision-making by transforming audit outcomes into sustainable development actions. This approach guides public policies towards achieving tangible impacts while enhancing service quality.

Speakers also highlighted proactive auditing's role in crisis management, risk anticipation, and fostering a culture of learning within institutions. Such practices are crucial for continuous improvement and adaptability in changing environments.

An exhibition was held alongside the symposium, showcasing modern trends in auditing. The National Center for Performance Measurement (ADAA) and SCFPA participated, highlighting advancements in financial and performance auditing techniques.

The symposium concluded with recommendations aimed at shaping the future of auditing professions. These suggestions aim to add value to public-sector accounting while keeping pace with emerging trends locally and internationally.

With inputs from SPA