UAE and India Forge Stronger Ties with New MoU on Public Sector Audit

 


In a significant move to enhance bilateral cooperation, the Comptroller and Auditor General (CAG) of India, Girish Chandra Murmu, and Humaid Obaid Khalifa Obaid Abushibs, President of the UAE Accountability Authority, signed a Memorandum of Understanding (MoU) during a recent meeting. This agreement aims to bolster public sector audit practices between the two nations.

Strengthening Bilateral Audit Cooperation

The MoU signifies a robust commitment to deepening the relationship between India's Supreme Audit Institution and the UAE Accountability Authority. CAG Murmu highlighted the mutual benefits of this 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 expressed optimism about the collaborative opportunities that will arise from this agreement, which focuses on knowledge exchange, capacity building, and the sharing of best practices in public sector auditing.

Enhanced Governance and Accountability

The partnership under the MoU is designed to improve governance and accountability by fostering a collaborative environment where both institutions can learn from each other's experiences. By integrating advanced audit methodologies and sharing expertise, India and the UAE aim to enhance their respective public sector auditing practices, leading to greater efficiency and transparency in government operations.

Commitment to Best Practices

President Obaid Abushibs underscored the importance of this collaboration, noting that it would not only advance external audit practices but also strengthen the bilateral ties between the two countries. The agreement represents a crucial step toward achieving higher standards of accountability and governance in both India and the UAE.

This MoU marks a pivotal moment in the ongoing effort to improve public sector auditing practices and highlights the commitment of both India and the UAE to fostering transparency and efficiency in their governmental operations.


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