Saudi Arabia and Azerbaijan have signed a Memorandum of Understanding (MoU) to enhance cooperation in the field of accounting, control and professional work, according to the official Saudi Press Agency (SPA).
For Saudi Arabia, the MoU was signed by Saudi General Bureau for Auditing president Hossam bin Abdul Mohsen Al-Angari, who is currently on a visit to the Republic of Azerbaijan.
The other signatory was Vugar Gulmammadov, chairman of the Chamber of Accounts of Azerbaijan.
The signing is said to have taken place in the presence of the Saudi Ambassador to the Republic of Azerbaijan, Hamad bin Abdullah bin Khudair.
Al-Angari explained that the MoU aims to enhance cooperation between the two agencies in the areas of financial auditing and performance control, in accordance with the laws and regulations in force in both countries.
It is said to be within the framework of the main provisions and principles of the International Organization of Supreme Audit Institutions (INTOSAI) and the Asian Organization of Supreme Audit Institutions (ASOSAI).
He pointed out that this agreement comes as an extension of a number of similar agreements concluded by the Saudi General Bureau for Auditing with a number of counterpart agencies at the regional and international levels.