A delegation from the Saudi General Court of Audit (GCA) has met with officials from the British National Audit Office (NAO) in London to explore avenues of cooperation and the exchange of expertise.
The discussions focused on key areas, including performance review, financial statement audits, technical capabilities, risk management frameworks, and quality assurance, all in line with international best practices. Both bodies also reviewed the “value-for-money” approach, spanning from the planning phase to impact assessment, as well as the Kingdom of Saudi Arabia’s transition from cash basis to accrual-based accounting in the public sector.
The GCA delegation also held talks with the Comptroller and Auditor General of the NAO, Gareth Davies, who emphasized the significance of such meetings in fostering joint efforts and sharing expertise in the fields of accounting, auditing, and professional development, contributing to the enhancement of performance in both institutions.
Source: Saudi Press Agency
