In a move to enhance international cooperation in financial oversight, a delegation from the Libyan Audit Bureau has embarked on an official visit to the Italian Court of Accounts in Rome. This visit aims to explore ways to strengthen collaboration between the two institutions in the areas of financial auditing, integrity, and transparency.
The Libyan delegation, led by the head of the Libyan Audit Bureau and accompanied by several department directors, met with the head of the Central Control Body for the legitimacy of government and public administration activities in Italy. The meeting addressed various topics related to financial transparency and anti-corruption efforts, as well as discussed developing financial oversight mechanisms and enhancing partnerships between the two institutions.
During the meeting, the Libyan delegation presented an overview of the Audit Bureau, highlighting its main goals and activities. They emphasized the bureau’s commitment to enhancing its institutional capabilities in accounting and financial auditing, which contributes to improving transparency and the efficient management of public resources in Libya.
The Italian Central Authority’s head expressed readiness to provide technical support and training to the Libyan Audit Bureau, stressing the importance of cooperation among oversight institutions internationally to share knowledge and expertise. Such collaboration enhances the effectiveness of financial oversight and ensures financial sustainability on both national and international levels.
The visit concluded with an agreement to sign a memorandum of understanding between the Libyan Audit Bureau and the Italian Court of Accounts, which will include joint training programs and workshops aimed at improving efficiency, integrity, and transparency.
This visit reflects the Libyan Audit Bureau’s commitment to developing its institutional capabilities through cooperation with its Italian counterpart, underscoring the importance of international collaboration in achieving shared goals in financial oversight and the protection of public funds.
