The cooperation in the field of auditing reflects the aspirations of both the UAE and Oman, as the UAE’s Accountability Authority and the State Financial and Administrative Control Authority of Oman signed a memorandum of understanding aimed at enhancing collaboration in this vital area. The agreement focuses on developing mechanisms for good governance and strengthening the capabilities of national personnel, thereby improving the effectiveness of oversight and achieving numerous benefits for both countries.
Details of the Memorandum of Understanding
The memorandum was signed during a distinguished meeting at the UAE Accountability Authority’s headquarters in Abu Dhabi, where Hamid Obaid Al-Busais, Chairman of the UAE Accountability Authority, met with Sheikh Ghassan bin Hilal Al-Alawi, Chairman of the State Financial and Administrative Control Authority of Oman. This step is part of ongoing efforts to strengthen cooperation between the UAE and Oman in the field of auditing.
Objectives of Cooperation Between the UAE and Oman
The memorandum seeks to exchange experiences and institutional knowledge, aiding in the development of the capabilities of national personnel in both countries. It is planned to rely on the latest digital solutions and advanced technologies to enhance the effectiveness of oversight systems. Among these solutions is the “Marsad” platform, which utilizes artificial intelligence and has been developed by the UAE Accountability Authority to improve the efficiency of auditing and oversight systems.
Enhancing Transparency and Integrity
The memorandum reflects the commitment of both countries to the principles of transparency, integrity, and accountability, aiming to enhance their roles in protecting public resources and supporting sustainable development in the region. The cooperation in the field of auditing between the UAE and Oman demonstrates the unity of goals and shared vision of both countries, contributing to the aspirations of their brotherly peoples.
Through these initiatives, the UAE and Oman showcase their readiness to harness all efforts to enhance cooperation in the field of auditing, emphasizing the importance of joint action to achieve sustainability and growth.