Lao State Audit Organisation recoups 5.3bil kip in losses


VIENTIANE: The State Audit Organisation reported strong performance in 2025, completing 154 audits—exceeding the target figure—and recovering 5,303.17 billion kip (US$241.5 million) and US$310,000 in tax payments after audits identified monies that were still owed by various state entities.

The figures were revealed at the annual meeting of the State Audit Organisation to review the achievements of its work in 2025.

President of the State Audit Organisation, Viengthavisone Thephachanh, chaired the meeting and summarised the plan of work for 2026.

The meeting was attended by the vice presidents of the State Audit Office, leaders of regional audit offices, heads of departments, offices, research and training institutes, and central and local audit staff.

Director of the Audit Quality Assessment Department, Sengphet Syhavong, said the goals of the organisation’s six focus plans were achieved, while the 2025 Constitution strengthened the authority of the State Audit Organisation.

The meeting also discussed investigations into the operations of gold mines where ore extraction exceeded agreed limits, the management of special economic zones, and the faster issuance of mining permits.

Viengthavisone summarised the outcomes of the meeting and expressed his appreciation for the candid comments from specialised departments and inspection agencies, while stressing that all state audit agencies should “accelerate mobilisation”.

He also instructed them to improve their working methods and formulate new steps that are more robust, clear, and produce better results, to create unified understanding of the State Audit Organisation’s operations.

In addition, he directed each division to urgently review unresolved problems.

Viengthavisone called on all attendees to perform their duties with a greater sense of responsibility and use their knowledge to devise new ways to ensure the auditing of state bodies is more thorough and that all dues are paid. - Vientiane Times/ANN

 

 

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