Saudi, US accounting bodies sign cooperation agreement

Saudi, US accounting bodies sign cooperation agreement
The agreement aims to develop the fields of accounting and professional auditing in all state organs. (SPA)
Updated 08 September 2018

Saudi, US accounting bodies sign cooperation agreement

Saudi, US accounting bodies sign cooperation agreement
  • The agreement aims to improve cooperation between the two parties and develop the fields of accounting and professional auditing in all state organs

The president of the Saudi General Audit Bureau (GAB) and the head of the US Government Accountability Office (GAO) on Friday signed a cooperation agreement in the fields of professional accounting and auditing.

The agreement aims to improve cooperation between the two parties and develop the fields of accounting and professional auditing in all state organs.

GAB President Hossam bin Abdulmohsen Al-Anqari said the agreement is an extension of existing cooperation between Saudi Arabia and the US, and expressed hope that it will benefit both parties. The agreement will bolster the GAB’s recently established training center, he added.

GAO chief Gene L. Dodaro hailed the agreement, saying it will develop the field of auditing through the employment of modern technology. He wished both parties success in their work.