Viengthavisone Thepphachanh (right) and Zagojav Deleg shake hands after signing the agreements on state audit cooperation. - Photo: Vientiane Times/ANN
VIENTIANE: Lao and Mongolian state audit agencies will partner to strengthen financial management by enhancing ties between their state inspection organisations.
An agreement on cooperation in this field was recently signed in Vientiane by the President of Laos’ State Audit Organisation, Viengthavisone Thepphachanh, and Chairman of the National Audit Office of Mongolia, Zagojav Deleg, in the presence of senior audit officials from the two countries.
The signing took place during an official visit to Laos by Zagojav Deleg for talks with Viengthavisone Thepphachanh.
The visit aimed to share lessons learnt by the two state inspection organisations.
Links between the two audit agencies are gradually strengthening under the Lao-Longkoli axis, with the two countries enjoying diplomatic ties for 63 years from 1962-2025.
During their talks, the state audit chiefs informed each other of the overall development situation in their respective countries.
Meetings were also held to discuss mining management auditing and risk-based auditing.
The Lao State Audit Office and the Mongolian National Audit Office reviewed their achievements and the future direction of cooperation between their State Audit Boards and recommended that regular meetings and visits between the leaders of the two sides take place to share information and ideas.
They agreed to share experiences in state auditing, organise training sessions, and hold meetings on topics of mutual interest, as well as to support each other in the regional and international arenas. - Vientiane Times/ANN
