General Court of Audit chief meets Indian counterpart

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During their meeting, both parties discussed many topics of common interest and ways of enhancing and activating them in all areas. (SPA)
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During their meeting, both parties discussed many topics of common interest and ways of enhancing and activating them in all areas. (SPA)
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Updated 29 August 2024
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General Court of Audit chief meets Indian counterpart

RIYADH: Hussam bin Abdul Mohsen Alangari, president of the General Court of Audit, met on Thursday with the Comptroller and Auditor General of India Girish Chandra Murmu, along with his accompanying delegation in Riyadh.

During their meeting, both parties discussed many topics of common interest and ways of enhancing and activating them in all areas.

The delegation was briefed on the GCA’s experiences in transitioning from cash to accrual basis of accounting in the Kingdom’s public sector. It was also briefed on professional capacity building areas.

Tariq bin Ahmed Al-Jarifani, director general of the Saudi Center for Financial and Performance Auditing and executive vice president for corporate services reviewed the court’s advanced methodologies in building professional capacities in intermediate accounting, international public sector accounting standards, and international standards on auditing.


Coalition trains in Niger to combat terrorist financing 

Updated 56 min 14 sec ago
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Coalition trains in Niger to combat terrorist financing 

RIYADH: The Islamic Military Counter Terrorism Coalition has concluded an advanced training program in Niger on combating terrorist financing and money laundering.

Held in Niamey, the five-day program aimed to strengthen member states’ capacity to counter financial crimes linked to terrorism, the Saudi Press Agency reported on Saturday.

Some 25 trainees from financial, security, regulatory, and military sectors received theoretical and practical training to enhance their professional readiness and ability to transfer expertise to national institutions.

The program covered international legal frameworks, modern terrorist financing methods, money laundering mechanisms, financial detection and analysis techniques, and compliance governance within financial institutions.

Advanced modules focused on tracking suspicious financial flows, developing proactive investigative skills, and boosting cooperation among financial, regulatory, and security authorities, following recommendations from the Financial Action Task Force.

The program supports the Saudi-backed coalition’s mission to help member states protect their financial systems from exploitation in terrorist financing.