Latest news with #INTOSAI
Leaders
30-06-2025
- Business
- Leaders
General Court of Audit Participates in INTOSAI Professional Standards Committee Meeting
The General Court of Audit (GCA), represented by Vice President of Financial Audit and Compliance, Lama Alhammadi, took part in the 27th Steering Meeting of the Professional Standards Committee of the International Organization of Supreme Audit Institutions (INTOSAI). The meeting was held in the Grand Duchy of Luxembourg and brought together senior representatives from numerous supreme audit institutions and international organizations. INTOSAI Among the participants were officials from the Organisation for Economic Co-operation and Development (OECD), the World Bank, and the International Federation of Accountants (IFAC). The meeting included a series of discussion panels aimed at shaping the committee's 2026–2028 work plan. Topics covered included the implementation challenges of international standards for supreme audit institutions, the integration of artificial intelligence and emerging technologies in audit processes, and leading practices in sustainability reporting. Additionally, participants also reviewed INTOSAI's strategic development plan, emphasizing its significance in improving the quality of public sector auditing globally. GCA In her remarks, Alhammadi emphasized the GCA's initiatives to enhance professional capabilities among its auditors, ensuring that their work adheres to international best practices and advanced methodologies. Moreover, these initiatives are aligned with INTOSAI's Framework of Professional Pronouncements and the standards established by the International Auditing and Assurance Standards Board (IAASB). Finally, the GCA's involvement in the meeting underscores its dedication to contributing to global knowledge exchange and reinforcing its role within international and regional audit organizations. Related stories: Digital Saudi Arabia Showcases Kingdom's Transformation at IGF 2024 Hajj Guide: Day of Arafat Hajj 2025: Saudi Crown Prince Lauds Success in Pilgrims Service Saudi Crown Prince Arrives in Mina to Oversee Hajj Services Short link : Post Views: 15 Related Stories
Barnama
26-06-2025
- Business
- Barnama
Improvements In Public Sector Auditing Among Main Agenda At WGFA Meeting
GEORGE TOWN, June 26 (Bernama) -- Continuous improvement in public sector auditing is among the main agenda to be discussed at the ongoing inaugural meeting of the Working Group on Follow-up Audit (WGFA) here. In a statement, the National Audit Department said the two-day meeting, chaired by Malaysia, marks the first gathering of the newly established WGFA under the International Organisation of Supreme Audit Institutions (INTOSAI). Other key agenda items include the finalisation of the Terms of Reference for the WGFA, which will serve as a guiding framework for the working group's direction and operations, aimed at enhancing accountability and promoting continuous improvement in public sector auditing. bootstrap slideshow Participants will also share best practices in audit follow-up procedures, with Malaysia presenting its Auditor-General Dashboard, which tracks all issues raised in the Auditor-General's Reports and ensures active monitoring until they are fully resolved. 'As of 2024, a total of RM157.73 million in public funds have been recovered as a result of audit follow-ups conducted at the federal and state levels,' the statement noted. Looking ahead, the statement said the WGFA 2025-2028 Work Plan includes long-term initiatives to develop Best Practice Guidelines for audit follow-ups, in collaboration with INTOSAI member countries. The group will also explore the need for specialised training and capacity-building programmes to enhance the quality and impact of follow-up audits in each member country. Malaysia's Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi presided over the meeting, which gathered 71 participants from 43 Supreme Audit Institutions (SAIs) around the world. In her opening remarks as Chair of the INTOSAI WGFA, Wan Suraya emphasised that Malaysia's leadership of the group reflects the global commitment to a dynamic, structured, and high-impact collaborative audit framework.
