Director of Audit signs up with National Audit Office to participate in 25th Congress of International Organization of Supreme Audit Institutions (with pictures)
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At the invite of the National Audit Office of individuals’s Republic of China (CNAO), the Director of Audit, Professor Nelson Lam, in the business of Senior Auditor Mr Toby Cheung, participated in the 25th Congress of the International Organization of Supreme Audit Institutions (INCOSAI) held from October 27 to 31 in Sharm El Sheikh, Egypt. Throughout the journey, Professor Lam informed the Auditor General of the CNAO, Mr Hou Kai, who led the nationwide delegation, on the current work of the Audit Commission and shown other members of the delegation the most recent advancements of the Commission.
INCOSAI is assembled triennially. Its 25th model was hosted by the Accountability State Authority of Egypt, with the styles “The Role of Supreme Audit Institutions in Auditing Central Banks and Government Activities during Financial and Economic Crises” and “Using Artificial Intelligence Techniques in Auditing”Individuals consisted of chiefs of supreme audit organizations of different areas and agents of appropriate local bodies and worldwide organisations. Throughout the Congress, the agents explored problems such as emerging innovations, financing and economics in the context of auditing. The discussion covered, to name a few, experiences in the application of expert system in the auditing workflow, along with the function and scope of work of audit organizations amidst recessions.
Teacher Lam thanked the nation for its assistance and nurturing, which allowed the Audit Commission personnel to participate in INCOSAI as members of the nationwide delegation once again and gain from the exchange of expert understanding with audit professionals from around the world. Teacher Lam stated that the CNAO, which was still in its founding phase when it signed up with the International Organization of Supreme Audit Institutions in 1982, has actually become a crucial member of the worldwide authority. The CNAO’s function is set to more establish as Mr Hou was chosen throughout this Congress as Vice-Chair of the Congress for the approaching term. As part of the country’s audit occupation, the Audit Commission is deeply inspired by Mr Hou’s election. Teacher Lam mentioned that the Audit Commission is dedicated to “better integrating into and serving in the overall national development”as mentioned in the Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development and will, as constantly, provide its best shots in the regional public sector auditing work and make active contributions to nationwide advancement by leveraging the distinct benefits and crucial functions of Hong Kong, which has the strong assistance of the motherland and close connection with the world.