Central Auditing Organization
Encyclopedia
The Central Auditing Organization is an independent auditing institution established in Egypt
in 1942 as an instrument of public finance
control. Originally created as the Divan of Accounting, its name was changed to Divan of Auditing in 1960, before acquiring its current designation in 1964. It supervises the management of public-sector companies and government departments. It is independent of the cabinet
, and reports directly to the President of Egypt
, to whom it is subordinated.
In 1995 it hosted XV INCOSAI, the fifteenth triennial convention of the International Organization of Supreme Audit Institutions
.
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
in 1942 as an instrument of public finance
Public finance
Public finance is the revenue and expenditure of public authoritiesThe purview of public finance is considered to be threefold: governmental effects on efficient allocation of resources, distribution of income, and macroeconomic stabilization.-Overview:The proper role of government provides a...
control. Originally created as the Divan of Accounting, its name was changed to Divan of Auditing in 1960, before acquiring its current designation in 1964. It supervises the management of public-sector companies and government departments. It is independent of the cabinet
Cabinet of Egypt
The Cabinet of Egypt is the chief executive body of the Arabic Republic of Egypt. It consists of the Prime Minister and the cabinet ministers....
, and reports directly to the President of Egypt
President of Egypt
The President of the Arab Republic of Egypt is the head of state of Egypt.Under the Constitution of Egypt, the president is also the supreme commander of the armed forces and head of the executive branch of the Egyptian government....
, to whom it is subordinated.
In 1995 it hosted XV INCOSAI, the fifteenth triennial convention of the International Organization of Supreme Audit Institutions
International Organization of Supreme Audit Institutions
The International Organization of Supreme Audit Institutions is a worldwide affiliation of governmental entities. Its members are the Chief Financial Controller/Comptroller General Offices of nations.INTOSAI was founded in 1953 in Havana, Cuba...
.