Saudi delegation meets UK’s National Audit Office to boost cooperation, expertise

• Talks focused on enhancing quality and efficiency through the value-for-money methodology

LONDON: A delegation from Saudi Arabia’s General Auditing Bureau met with officials from the UK’s National Audit Office in London to discuss strengthening cooperation and exchange expertise in the field of public sector auditing, Saudi Press Agency reported on Saturday.
During the meeting, both parties explored opportunities for collaboration on performance reviews, financial statement analysis, technical capabilities, and risk management frameworks, SPA added.
They also focused on enhancing quality and efficiency through the value-for-money methodology, from the planning stage to measuring impact.
This comes as Saudi Arabia shifts from cash-based to accrual-based accounting in its public sector.
The delegation also held discussions with Gareth Davies, the UK’s comptroller and auditor general.
He emphasized the importance of the meeting in fostering closer ties between the two bodies.
Davies highlighted the significance of exchanging knowledge and expertise in areas such as accounting, auditing, and professional oversight, and noted that these efforts would contribute to improving the performance and efficiency of both institutions.