Posted by philippines On April 30, 2013

Manila, Philippines – It’s a momentous day for the Philippines and Brunei Darussalam as both parties signed a Memorandum of Understanding (MOU) to reinforce mutual exchange and cooperation in the field of audit on February 18, 2013.

Commission on Audit (COA) Chairperson Maria Gracia M. Pulido Tan represented the Philippines while Auditor General Pengiran Haji Abdul Rahman Mat Salleh represented Brunei.  The historical signing was held on the eve of the 46th Governing Board Meeting of the Asian Organization of Supreme Audit Institutions (ASOSAI) which the COA hosted.  COA Commissioner Heidi L. Mendoza and International Audit and Relations Office Director Lito Q. Martin served as witnesses.

The MOU sought to strengthen, develop and promote cooperation between the two parties, particularly in the building of human and institutional capacity in the field of audit.

Both sides pledged to work together in sharing best practices, knowledge and skills in the field of public audit; building of human and institutional capacity in the field of public audit through training programmes, provision of experts and technical collaboration; inviting representatives of either parties in conferences, seminars, internships and other training activities; coordination of efforts in regional and international meetings; and other areas mutually beneficial to both.

The agreement also contains provision for the protection of intellectual property rights and confidentiality clause.

The MOU will take effect immediately for a period of five (5) years and may be automatically extended for a period of five years each subject to the mutual decision of the parties. – Commission on Audit Public Information Office