Saudi Arabia, China Sign MoU in Accounting, Auditing, and Professional Practices

General Court of Audit (GCA) President Dr. Hussam Al-Angari and Auditor General of the National Audit Office (CNAO) of the People’s Republic of China Hou Kai signed today in Beijing a memorandum of understanding for cooperation in the field of accounting, auditing, and professional work.

Al-Angari issued a statement expressing thanks and gratitude to Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud, to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince, Prime Minister, and the Council of Ministers for authorizing him to sign this memorandum, which is one of other similar agreements GCA has reached with counterpart organizations in different countries.

These agreements underscore GCA’s elevated professional standing, at both regional and international levels, and its important role in sharing professional experience with counterpart Supreme Audit Institutions (SAIs) that are members of regional and international organizations for supreme audit and accounting institutions.

The memorandum aims to bolster collaboration between GCA and CNAO, specifically in the field of financial auditing, compliance and performance auditing. Such collaboration will be realized through various research and consulting projects, as well as holding of meetings, conferences, and training programs, all conducted within the framework of the International Organization of Supreme Audit Institutions and Asian Organization of Supreme Audit Institutions, of which the two parties are active members.

Saudi Ambassador to China Abdul Rahman Al-Harbi attended the signing ceremony.