Auditor General’s Office of Maldives Signs MoU with Comptroller and Auditor General of India

The Auditor General’s Office of the Maldives and the Comptroller and Auditor  General of India signed a Memorandum of Understanding (MOU) on 24 October  2021 to strengthen existing relations and bilateral cooperation between both parties.  The MOU was signed between Auditor General (AG) of Maldives, Mr. Hussain  Niyazy and Comptroller and Auditor General (CAG) of India, Mr. Girish Chandra  Murmu who is on an official visit to the Maldives at the invitation of the Auditor  General of Maldives.  

In signing the MOU, both parties underscored the importance of collaborating with  each other in the areas of mutual interest to enhance the professional capacity of both  the institutions and improve their methodologies in the field of public audit. The  parties also agreed to conduct training programmes in their respective countries for  their staff on a need basis and explore other means of capacity development support,  and cooperate on areas that are mutually beneficial. 

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The institutional relationship between the Auditor General’s Office of the Maldives  and the Office of Comptroller and Auditor General of India was formally established  in 2008 with the signing of an MOU between the two institutions. The MOU led to  the strengthening of ties that both the institutions had always enjoyed owing to close  bilateral relations and regional cooperation between the Maldives and India and due  to the fact both the institutions are members of the Asian Organization of Supreme 

Audit Institutions (ASOSAI) and the International Organization of Supreme Audit  Institutions (INTOSAI). 

Auditor General of Maldives, Hussain Niyazy expressed his deep appreciation to his  Indian counterpart for their continued support and generous assistance in helping his  institution build and develop the necessary capacities of its staff through  International Centre for Information Systems and Audit (iCISA) and International  Training Centre for Environment Audit and Sustainable Development (iCED) of  Comptroller and Auditor General of India. iCISA has conducted two virtual training  programmes for the staff of the Auditor General’s Office (AGO) in 2021. In previous  years, scores of the AGO staff have attended training programmes run by iCISA  which are funded by the Government of India under Indian Technical Economic  Cooperation (ITEC) Programme. In addition, members of AGO staff have  participated in training programmes on environmental audit conducted by iCED. 

CAG of India, Mr. Girish Chandra Murmu informed that the Sustainable  Development is at the forefront of the partnership between the two SAIs.  

CAG of India, Mr. Girish Chandra Murmu highlighted the importance of judicious  use of resources and sustainability for future generations has given rise to the concept  of Natural Resource Accounting (NRA), which is a crucial element of Sustainable  Development. The NRA provides an outline of resource bases, pace of usage with  an eye on their sustainability and embeds environmental aspects into the economic  indices. 

CAG of India, Mr. Girish Chandra Murmu, while highlighting the gaining  momentum of Natural Resource Accounting (NRA) in India, informed that India  being a signatory to the Environmental Accounting efforts of the UN has committed  to monitor 25 environment related targets with particular attention being paid to  target no 15.9 related with Environmental – Economic Accounting. This target 

envisages to integrate, by 2020, the ecosystem and biodiversity values into national  and local planning, development processes, poverty reduction strategies and  accounts. In furtherance of these efforts, SAI India has released a concept paper on  Natural Resource Accounting in 2020 highlighting the short, medium and long-term  goals congregating with the SDGs goals set by the UN.  

CAG of India, Mr. Girish Chandra Murmu, expressed confidence that through the  collaborative efforts undertaken under the MoU, both SAIs could work together to  strengthen respective institution’s professional capacity and improve methodologies  in the field of audit of public finance. The MoU signed between the two SAIs will  bring greater flexibility and dynamism in knowledge transfer and cooperation  between our SAIs. Smart auditing practices, faster and efficient data analysis, as well  as capacity building by skilling our teams in latest best practices will go a long way  in creating a firm foundation for the growth goals of both economies.

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