President Tran Dai Quang received heads of delegations to the 14^th Assembly of the Asian Organisation of Supreme Audit Institutions (ASOSAI 14) in Hanoi on September 19.

President Tran Dai Quang (R) welcomed heads of delegations to the 14^th ASOSAI Assembly in Hanoi on September 19. (Photo: VNA)

ASOSAI 14 is taking place in Hanoi from September 19-22 under the theme “Environmental Audit for Sustainable Development”, and has attracted 46 supreme audit agencies in Asia and 15 international organisations.

At the meeting, Auditor General of the State Audit Office of Vietnam (SAV) Ho Duc Phoc informed President Quang on ASOSAI 14’s agenda, adding that foreign delegates highly valued Vietnam’s preparations for the triennial assembly, as well as its agenda and theme.

President Quang welcomed foreign delegations to Hanoi for the event, which also coincides with the 40^th anniversary of the ASOSAI Charter.

He spoke highly of the development of ASOSAI, which has developed from 11 initial members to 46 members over the last 40 years and become one of seven regional organisations of the International Organisation of Supreme Audit Institutions (INTOSAI).

ASOSAI has always taken the lead in public audit and public governance, as well as greatly contributed towards the development of supreme audit institutions (SAIs) in the region and the world, President Quang said.

The President thanked ASOSAI for entrusting the SAV with the hosting of the 14^th assembly and the chairmanship of ASOSAI for the 2018-2021 term.

President Quang also appreciated the organisation’s active and effective assistance to Vietnam and valued the increasingly important role of SAIs in the sustainable development of each country and the region. He added that the role of SAIs in supervising the management and use of resources will thereby help to ensure transparency and improve the effectiveness of budget and public asset use in member nations.

According to the State leader, in Vietnam, the SAV has made major contributions to the public finance examining and monitoring system. Its legal status is clearly regulated in the 2013 Constitution and in line with the Lima Declaration of INTOSAI. The SAV has proved useful in helping the National Assembly to supervise the management and use of the budget and public asset.

President Quang also took this occasion to ask INTOSAI, ASOSAI, and member agencies to enhance cooperation in order to realise initiatives and solutions towards stable and sustainable public finance, to promote efforts in the direction of sustainable development goals, and to boost initiatives on environmental auditing.

He also called on them to increase the sharing of information and experience, especially in training auditors, and to help the SAV to fulfil its role as the ASOSAI Chair for 2018-2021./.

VNF/VNA