Abu dhabi: The State Audit Institution and the Accountability Authority of the United Arab Emirates (UAE) have signed a Memorandum of Understanding aimed at enhancing and developing cooperation in the field of public fund oversight and anti-corruption.

According to Oman News Agency, this agreement was formalized during a meeting between Sheikh Ghuson Hilal Al Alawi, Chairman of the State Audit Institution (SAI), and Humaid Obaid Abushibs, Chairman of the UAE Accountability Authority, at the Authority’s headquarters in Abu Dhabi.

The Memorandum reflects the mutual commitment of both parties to uphold the principles of transparency, integrity, and accountability. It aims to strengthen their roles in protecting public funds and supporting sustainable development in both countries.

The agreement includes provisions for enhancing cooperation in the exchange of knowledge and expertise regarding best practices, standards, and national technologies. It outlines plans for organizing joint discussion forums, conferences, lectures, and workshops, and promotes the exchange of experiences related to audit manuals, methodologies, and strategic plans.

The SAI emphasizes its ongoing commitment to enhancing cooperation and exchanging expertise with peer institutions in the GCC States. It aims to contribute to the development of joint audit work and support national initiatives focused on protecting public funds and combating corruption.