Saudi Arabia And Türkiye Strengthen Ties With MoU On Accounting And Auditing Cooperation

The General Court of Audit (GCA) in Saudi Arabia and Türkiye's Court of Accounts have formalised a Memorandum of Understanding (MoU) to boost collaboration in auditing, accounting, and professional growth. This agreement signifies their dedication to forming partnerships and sharing expertise. The MoU was signed by Dr. Hussam Alangari, President of the GCA, and Metin Yener, President of the Turkish Court of Accounts, at the GCA’s Makkah branch.

The MoU outlines cooperation between the two Supreme Audit Institutions (SAIs) in financial, compliance, and performance auditing. They will share expertise and enhance professional skills. This partnership also involves joint research and advisory projects, as well as organising meetings, conferences, and training sessions on shared interests.

Dr. Alangari emphasised the GCA’s dedication to strengthening bilateral ties and expanding partnerships with similar institutions. He mentioned that the numerous MoUs signed by the GCA highlight its strong professional reputation and active role in sharing knowledge within regional and international audit communities.

Metin Yener expressed that the MoU is crucial for enhancing joint efforts between Türkiye's Court of Accounts and the GCA. This collaboration aims to improve efficiency and audit quality at both institutions. Following the signing ceremony, specialists from each SAI engaged in a bilateral meeting to discuss collaborative areas and align their approaches on relevant topics.

This partnership is part of activities under the International Organization of Supreme Audit Institutions (INTOSAI) and the Asian Organization of Supreme Audit Institutions (ASOSAI), where both parties are members. These organisations provide a framework for such collaborations among member countries.

The agreement reflects a mutual commitment to advancing auditing practices through shared learning experiences. By working together on various projects, both institutions aim to enhance their capabilities in auditing standards and methodologies.

With inputs from SPA