PR No.214 DEPARTMENT OF AUDITOR GENERAL OF PAKISTAN RECOGNIZES THE IMPORTANCE OF BILATERAL COOPERATION WITH SUPREME AUDIT INSTITUTIONS. RANA ASSAD AMIN. Islamabad
Department of Auditor General of Pakistan recognizes the importance of bilateral cooperation with other Supreme Audit Institutions (SAIs) and in this regard, the department has started negotiations with a number of SAIs for signing Memorandum of Understanding (MoUs) for cooperation in public sector auditing as a result of which the SAIs will benefit from each other’s experience, said Auditor General of Pakistan Rana Assad Amin while talking to a delegation of Turkish Court of Accounts led by Mr. Fikret COKER Deputy President of TCA.
Auditor General of Pakistan said that the Department of the Auditor General of Pakistan (DAGP) signed MoU with Turkish Court of Accounts on 17th October, 2016 at Ankara, Turkey that pertains to cooperation on public sector auditing and provides an excellent opportunity for bilateral cooperation between the two brotherly SAIs.
He further said that Department of the Auditor General of Pakistan (DAGP) is also playing very active role in various Committees and Working Groups of the International Organization of Supreme Audit Institutions (INTOSAI), Asian Organization of Supreme Audit Institutions (ASSOSAI) and Economic Cooperation Organization Supreme Audit Institutions (ECOSAI).
The Auditor General of Pakistan while highlighting the reforms and achievements of DAGP said that the department is presently engaged in promoting audit reforms based on Strategic Plan (2015-19), primarily implemented through recommendations of the Audit Reforms Committee. Human resource development and paradigm shift in audit approach to special audits are the hallmarks of strategic reforms agenda and keeping in view this the new audit approach has been initiated in all Field Audit Offices by allocating at least 30% of their resources for special audit activity, he added.
The Auditor General of Pakistan said that the benefit-cost ratio of audits conducted by the department has registered record high of 21:1 in 2015-16, against the strategic plan target of 12:1 which shows that for every rupee spent on audit, Rs.21/- were recovered by ministries/divisions on the basis of observations raised by audit. Total recovery for the year 2015-16 was Rs.81/- billion as compared to Rs.40/- billion during 2014-15, showing an increase of 100% in recoveries over the previous year, he added.
Mr. Fikret COKER Deputy President of TCA while lauding the efforts of Department of Auditor General of Pakistan said that both SAIs may benefit from study visit of senior and middle level management and may also explore areas of mutual cooperation for capacity building and training of officers under the MoU. He further said that there is also need to identify areas where SAI Pakistan can offer trainings to SAI Turkey. SAI Turkey looks forward to Working with SAI Pakistan to strengthen and promote cooperation and benefit from mutual experiences and knowledge, he added.