The State Audit Institution, SAI, today signed a Memorandum of Understanding, MoU, with the Hungarian State Audit Institution, to promote cooperation in launching a programme for evaluating the transparency of general purchase procedures for IT projects, as well as the exchange of knowledge in key areas of financial auditing in the public sector.
ABU DHABI, (Pakistan Point News - 03rd Sep, 2018) The State Audit Institution, SAI, today signed a Memorandum of Understanding, MoU, with the Hungarian State Audit Institution, to promote cooperation in launching a programme for evaluating the transparency of general purchase procedures for IT projects, as well as the exchange of knowledge in key areas of financial auditing in the public sector.
The MoU was signed at the headquarters of the SAI in Abu Dhabi by Dr. Hareb bin Saees Al Ameemy, Chairman of the SAI and Chairman of the International Organisation of Supreme Audit Institutions, INTOSAI, and Laszlo Domokos, Head of the Accounting Office of Hungary.
Both sides aim, through the MoU, to develop an auditing programme to evaluate general purchases of IT projects, from the purchase stage until the tender and implementation stages, by identifying the key elements that protect purchases from all forms of financial corruption.
Both sides will evaluate the programme on a regular basis and perform the required modifications, which will be adopted by relevant INTOSAI authorities and will be available to other monitoring systems.
The MoU also stipulates that both parties will discuss proposals and solutions for reducing financial corruption and harmful practices that affect public funds, as well as combat economic crimes, such as money laundering, and adopt preventive measures that any country could use to protect itself from fraud and corruption.
