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12/June/2022   Fact

Uzbekistan’s Chamber of Accounts joins ASOSAI

TASHKENT, June 12. /“Dunyo” IA/. The ASOSAI 58th Governing Board meeting took the decision to admit Uzbekistan’s Chamber of Accounts as a full member, reports “Dunyo” IA correspondent.

Today, the Chamber of Accounts of Uzbekistan has set the task of developing new national standards of financial, compliance and efficiency audit based on internationally recognized standards and conducting control activities in line with them.

With that in mind, on November 23, 2021, the Chamber joined the International Organization of Supreme Audit Institutions (INTOSAI) as a full member.

“Since joining INTOSAI, the Chamber of Accounts has taken part in about 20 international online conferences, seminars and trainings involving foreign supreme audit institutions. The knowledge and skills gained throughout these events make it possible to gradually adapt Uzbekistan’s system of state financial control to generally recognized international standards,” holds the Chamber’s press service statement.

Day by day, the scope and geography of the Chamber’s international activities is expanding. Another historically significant event took place some days ago.

ASOSAI was established in 1979. Today, it includes the supreme audit institutions of 46 Asian countries. That means, that almost all Asian countries are members of this prestigious organization.

Its main objective is to create a relevant platform for the exchange of views and experience in public audit between member countries, cooperation in joint research projects and control activities, continuous training of public auditors in quest of better quality and efficiency.

The ASOSAI membership provides a number of advantages for Uzbekistan’s system of state financial control, in particular:

• increasing its capacity and efficiency;

• development of new standards for effective control of the public sector;

• exchange of progressive ideas and foreign experience;

• a voice within structures recognized by the international community.

These standards serve to increase the transparency of financial control in our country and ensure the audit quality. Ultimately, this leads to an increase in public confidence with regard to state financial control institutions and the results of the audit itself.

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