- The CAG has formalized a MoU with SAI Bulgaria to fortify international collaboration and bolster the exchange of knowledge.
- The MoU signed by the respective Supreme audit institutions, heralds a new chapter in bilateral relations, focusing on enhancing cooperation and sharing expertise in the realm of auditing.
- Girish Chandra Murmu, the CAG of India, voiced his confidence in the partnership, emphasizing its potential to strengthen bilateral ties.
- Goritsa Grancharova – Kozhareva, Acting President of the Bulgarian National Audit Office, emphasized the importance of leveraging collective expertise to drive continuous improvement in auditing practices.
- The signing of the MoU represents a significant milestone in promoting closer ties and collaboration among the Supreme Audit Institutions (SAIs) of India and Bulgaria.
In a landmark move aimed at fortifying international collaboration and bolstering the exchange of knowledge, the Comptroller and Auditor General of India (CAG) has formalized a Memorandum of Understanding (MoU) with SAI Bulgaria, the Bulgarian National Audit Office, in a ceremony held in Sofia.
The MoU, signed by the respective Supreme audit institutions, heralds a new chapter in bilateral relations, focusing on enhancing cooperation and sharing expertise in the realm of auditing. At its core, the agreement seeks to establish a robust framework for mutual learning and professional development among auditing professionals and technical teams from both nations.
Through the provisions outlined in the MoU, avenues for collaboration will be broadened, encompassing joint training programs, collaborative research initiatives, and reciprocal assistance in conducting audits. This collaborative approach is poised to enrich the capabilities of auditors on both sides, fostering innovation and best practices in auditing methodologies.
Girish Chandra Murmu, the CAG of India, voiced his confidence in the partnership, emphasizing its potential to strengthen bilateral ties. He remarked, “Signing of the Memorandum of Understanding (MoU) between our SAIs will further strengthen our bilateral cooperation.” Murmu reiterated the commitment to leveraging the MoU to invigorate capacity development initiatives and facilitate seamless knowledge transfer between the two audit institutions.
The MoU signing ceremony was attended by Goritsa Grancharova – Kozhareva, Acting President of the Bulgarian National Audit Office, who highlighted the transformative impact of the agreement on professional capacity building. Grancharova emphasized the importance of leveraging collective expertise to drive continuous improvement in auditing practices.
In addition to its immediate benefits, Murmu underscored the broader implications of the MoU in cementing bilateral relations between India and Bulgaria. He expressed optimism that the agreement would serve as a catalyst for deeper engagement, fostering a spirit of cooperation and friendship between the two nations.
The signing of the MoU represents a significant milestone in promoting closer ties and collaboration among the Supreme Audit Institutions (SAIs) of India and Bulgaria. It reflects a shared commitment to advancing auditing standards and practices on the global stage, underlining the transformative potential of international partnerships in driving excellence in public sector auditing.
(With inputs from agencies)
