Print

UAE and India sign MoU to strengthen public sector audit cooperation

The Comptroller and Auditor General of India signed a Memorandum of Understanding (MoU) with the UAE Accountability Authority of the United Arab Emirates, Supreme Audit Institution, UAE during a bilateral meeting with the President of UAE Accountability Authority.

During the signing ceremony, CAG of India Girish Chandra Murmu expressed his enthusiasm for the partnership, stating, “This MoU is a testament to the shared values and goals of our institutions and reinforces the strong ties between India and the UAE.” He added that the agreement would create opportunities for greater collaboration and learning between the Supreme Audit Institutions.

The MoU aims to foster collaboration between the two Supreme Audit Institutions , focusing on areas such as knowledge exchange, capacity building, and best practices in public sector auditing. By sharing expertise and experiences, both countries seek to strengthen their respective audit methodologies and improve overall governance.

Humaid Obaid Khalifa Obaid Abushibs, President of the UAE Accountability Authority, emphasized the importance of the MoU in enhancing external audit practices and strengthening bilateral relations. He noted that the cooperation would contribute to improved governance and accountability in both countries.

The MoU marks a significant step forward in strengthening public sector audit cooperation between India and the UAE, paving the way for greater transparency, efficiency, and accountability in government operations.

By Vinod Kumar (Dubai)

RELATED ARTICLES

5 hours ago | Bank Branches

Majumdar Calls for Faster Banking Expansion as 73% of Identified Northeast Villages Are Covered

Of the 9,479 identified villages in the Northeast, 6,905 (around 73 per cent) are now connected to a bank branch or India Post Payments Bank (IPPB), while 2,574 remain to be covered, Union Minister of State for Development of North Eastern Region and...

6 hours ago | bilateral cooperation

Jaishankar meets Georgian counterpart in Abu Dhabi, discusses trade, connectivity and regional developments

External Affairs Minister S Jaishankar on Wednesday met his Georgian counterpart Maka Botchorishvili in Abu Dhabi and discussed ways to deepen bilateral cooperation in areas including business, connectivity and culture. The meeting came as Jaishanka...

6 hours ago | Asian Cultural Ties

India’s Civilisational Journey Has Been a Story of Cultural Exchange: PM Modi

Prime Minister Narendra Modi on Wednesday said that India’s civilisational journey has, for centuries, been a story of cultural exchange, with centres of learning such as Nalanda facilitating the exchange of knowledge across Asia and Buddhist monks...