AIRLINK 165.36 Decreased By ▼ -10.19 (-5.8%)
BOP 10.39 Decreased By ▼ -0.62 (-5.63%)
CNERGY 7.83 Decreased By ▼ -0.46 (-5.55%)
FCCL 45.65 Decreased By ▼ -1.58 (-3.35%)
FFL 15.12 Decreased By ▼ -0.90 (-5.62%)
FLYNG 26.48 Decreased By ▼ -0.83 (-3.04%)
HUBC 135.28 Decreased By ▼ -7.04 (-4.95%)
HUMNL 12.85 Decreased By ▼ -0.45 (-3.38%)
KEL 4.19 Decreased By ▼ -0.25 (-5.63%)
KOSM 5.47 Decreased By ▼ -0.43 (-7.29%)
MLCF 59.43 Decreased By ▼ -2.37 (-3.83%)
OGDC 213.07 Decreased By ▼ -13.70 (-6.04%)
PACE 5.41 Decreased By ▼ -0.36 (-6.24%)
PAEL 42.01 Decreased By ▼ -2.79 (-6.23%)
PIAHCLA 17.05 Decreased By ▼ -0.83 (-4.64%)
PIBTL 9.93 Decreased By ▼ -0.54 (-5.16%)
POWER 11.79 Decreased By ▼ -0.23 (-1.91%)
PPL 174.79 Decreased By ▼ -11.13 (-5.99%)
PRL 34.36 Decreased By ▼ -2.80 (-7.53%)
PTC 22.70 Decreased By ▼ -1.35 (-5.61%)
SEARL 93.75 Decreased By ▼ -6.54 (-6.52%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.11 Decreased By ▼ -2.40 (-6.23%)
SYM 13.48 Decreased By ▼ -1.27 (-8.61%)
TELE 7.12 Decreased By ▼ -0.61 (-7.89%)
TPLP 10.21 Decreased By ▼ -0.82 (-7.43%)
TRG 60.93 Decreased By ▼ -5.07 (-7.68%)
WAVESAPP 10.28 Decreased By ▼ -0.69 (-6.29%)
WTL 1.28 Decreased By ▼ -0.07 (-5.19%)
YOUW 3.70 Decreased By ▼ -0.08 (-2.12%)
BR100 12,314 Decreased By -512.5 (-4%)
BR30 36,508 Decreased By -2353.5 (-6.06%)
KSE100 114,909 Decreased By -3882.2 (-3.27%)
KSE30 35,541 Decreased By -1237.5 (-3.36%)

ISLAMABAD: Pakistan’s Supreme Audit Institution (SAI) on Friday was elected as a member of the Governing Board of the Asian Organisation of Supreme Audit Institutions (ASOSAI) (2024-27) at the latest assembly in New Delhi, India.

On the final day of the 16th ASOSAI Assembly held in New Delhi from 21–27 September, the country’s SAI, the Office of the Auditor General of Pakistan, became a member of the governing board for the organisation.

Despite not a single member of the office being allowed to participate in the assembly, Pakistan managed to secure the membership due to the efforts of Auditor General of Pakistan Muhammad Ajmal Gondal as he continued to lobby hard for the coveted position. For months, the audit team of AGP remained in close contact with other Asian countries’ Supreme Audit Institutions. The election stands as proof of the global standing of Pakistan’s SAI.

Ensuring public accountability and fiscal transparency in regards to governmental operations is the organisations directive. This is done in order to minimise the possibility of waste and fraud.

The ASOSAI, which consists of 48 SAIs, is one of the regional sub groups of the International Organisation of Supreme Audit Institutions (INTOSAI).

Pakistan failed to secure the membership in 2018.

The Governing Board is an important component of the organisation that draws policies of the institution in accordance with the rules and regulations.

The organisation acts as a centre of information, as well as, a regional link providing members with the opportunity to exchange ideas and experiences in the field of public audit.

Conferences and seminars become the site of collaboration for members, promoting understanding and cooperation between the various institutes.

Members also undertake the publication of research papers in the realm of auditing and related fields.

Copyright Business Recorder, 2024

Comments

Comments are closed.