Saudi Arabia and China have established a landmark partnership in internal auditing and governance as the Saudi Authority of Internal Auditors (SAIA) signed a memorandum of understanding with the China Institute of Internal Auditors in Shanghai on November 07, 2025. The agreement, signed by Dr. Hussam Alangari, General Court of Audit President and SAIA Chairman, marks a significant step forward in professional cooperation between the two nations.
Strategic Partnership Framework
The memorandum establishes a comprehensive framework for bilateral collaboration in internal auditing, focusing on key areas including governance, risk management, and compliance. This partnership reflects Saudi Arabia’s commitment to advancing its auditing capabilities through international cooperation and knowledge exchange with global partners.
Professional Development Initiatives
At the core of this agreement is a commitment to enhance the auditing profession’s efficiency through multiple channels. The partnership will facilitate joint training programs, allowing professionals from both countries to benefit from shared expertise and best practices. Additionally, collaborative research initiatives will be undertaken to advance the field of internal auditing.
International Standards and Best Practices
The collaboration aims to align auditing practices with international standards, strengthening both nations’ commitment to transparency and accountability in financial governance. This alignment will help ensure that both countries maintain world-class auditing standards while adapting to evolving global financial regulations.
The partnership is expected to enhance risk management capabilities across both nations’ financial sectors, with particular emphasis on emerging technologies and modern auditing methodologies. This knowledge exchange will be crucial in addressing contemporary challenges in financial oversight and corporate governance.
Vision 2030 Alignment
This strategic partnership directly supports Saudi Arabia’s Vision 2030 objectives of enhancing transparency, improving government effectiveness, and strengthening institutional capabilities. By fostering international cooperation in financial governance, the Kingdom continues to demonstrate its commitment to building a robust and transparent economy that meets the highest global standards. The collaboration with China’s internal auditing institution represents another milestone in Saudi Arabia’s journey toward becoming a leading global example of modern governance and financial oversight.