Riyadh, January 15, 2024, President of the General Court of Audit (GCA), Dr. Hussam Al-Angari, and Auditor General of the National Audit Office (CNAO) of the People’s Republic of China, Hou Kai, formalized a memorandum of understanding today in Beijing, marking a collaborative effort in the realms of accounting, auditing, and professional work.
Expressing gratitude, Al-Angari issued a statement extending thanks to Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister, and the Council of Ministers for authorizing the signing of this memorandum. This agreement is part of a series of similar accords that GCA has successfully negotiated with counterpart organizations across different nations.
These agreements underscore the heightened professional stature of GCA, both regionally and internationally, highlighting its crucial role in sharing professional experiences with counterpart Supreme Audit Institutions (SAIs) that are integral members of regional and international organizations dedicated to supreme audit and accounting institutions.
The primary aim of the memorandum is to strengthen collaboration between GCA and CNAO, particularly in the realms of financial auditing, compliance, and performance auditing. This collaboration will materialize through diverse research and consulting projects, as well as through the organization of meetings, conferences, and training programs. All activities will be conducted within the framework of the International Organization of Supreme Audit Institutions and the Asian Organization of Supreme Audit Institutions, of which both parties are active members.
The signing ceremony was attended by Saudi Ambassador to China, Abdul Rahman Al-Harbi, highlighting the diplomatic importance of this cooperative initiative between Saudi Arabia and China in the field of auditing and accounting.