Salalah: A five-day workshop on judicial accounting in GCC countries began on Sunday in the Wilayat of Salalah, Dhofar Governorate.
The State Audit Institution hosts the seminar as part of a training program for financial and accounting audit agencies in Gulf Cooperation Council (GCC) countries.
The training is attended by officials from GCC audit departments, as well as specialists in auditing and accounting.
According to Salim Mohsin Al Ghassani, Director of the Training and Development Centre, the workshop will focus on judicial accounting procedures as fundamental measures for combating financial crime.
He emphasized that these practices help to combine accounting concepts with legal procedures, use modern analytical tools to gather and present evidence to judicial authorities, and guarantee that evidence and other data are adequate throughout the litigation process.
Al Ghassani highlighted the increasing need of judicial accounting in light of the rising usage of fraud techniques and digital technologies. He emphasized the importance of amending audit processes in order to preserve public money, promote transparency and accountability, strengthen investor trust, and tackle current economic difficulties.
The workshop covers four key themes: fundamental concepts of judicial accounting; relevant international standards; financial analysis methods utilized in the field of auditing; and report drafting criteria.
The workshop also covers the legal processes involved with judicial accounting, as well as the duties of experts in court.
The workshop aims to facilitate experience and knowledge exchange between regulatory organizations in Gulf Cooperation Council (GCC) countries in a way that helps to develop national strategic approaches and implement the best regional and international practices.
