To continue strengthening the skills of auditors through exchange programs, the Memorandum of Understanding (MoU) between the Royal Audit Authority (RAA) and the Office of Comptroller and Audit General of India was renewed for another six years. The MoU, signed in Thimphu this week, is aimed to strengthen existing friendly relations and bilateral co-operation for at sustained improvement and upgradation of knowledge and skills of the auditors through technical and professional exchange by participating in the conferences, seminars and other trainings activities of international characters.
The formal institutional relationship between RAA and office of comptroller and Audit General of India was established in December 2001 through signing of the memorandum of understanding between the two institutions for a period of five years. The MoU was further strengthened through renewal of understanding between RAA and the Office of Comptroller and Audit General of India.
Auditor General of Bhutan, Dasho Ugen Chewang said that RAA has immensely benefited from this understanding in strengthening capacity development. He said it will help us with committed approach to working more closely together which will allow reaching our common goal in the SAARC region.
“RAA grows from strength to strength as much as this MoU express trust, confidence and locality in true partnership and I am confident that through RAA efforts and commitment, RAA will be able to achieve more and to be able to continue to develop even stronger relationship and friendship between RAA and office of Comptroller and Audit General of India.” He said
Comptroller and Auditor General of India, Shri Shashi Kant Sharma said the renewal will open up new areas of cooperation and we are aware that Bhutan has unique governance model, the model which seeks to enhance the happiness of its citizens instead of measuring its performance against conventional indices.
He said, “Its contribution to upgrading quality of governance is far more important, for it the audit results do not translate into better program implementations and program delivery and if it do not result in elimination of waste and unproductive expenditure and improving internal controls and outputs produce by audit will go waste.”
“Supreme audit institution as one who’s major concern is contributing towards good governance and accountability. I am aware of fact that attaining these objectives is not solely within audit domain while we can generate good reports giving the administration valuable data and facts on how the money was spent. It is basically for the administration to take appropriate measures to tone up the system and produce better result.” He said.
He said that challenges can be made effective if supreme audit institutions are able to keep their human resources professionally competent and to tackle latest innovation in administration system.
The last MoU was renewed in October, 2007, for a period of six years that expired on 14th October, 2013.
Through the understanding, more than 194 audits officials from RAA availed training in the field of auditing and 24 auditors were trained with the Indian Audit and Accounts Service (IA&AS). The Office of the Comptroller and Audit General of India annually deputes two senior officers to deliver course on topic chosen by RAA and more than 30 auditors from RAA avail trainings.