ASEAN Supreme Audit Institution to be established in 2011

ASEAN reportedly plans to establish a joint supreme audit institution later this year to improve good governance in the region.

Daeng M. Nazier, an official of Indonesia's Supreme Audit Agency (BPK), said that in the first years of its operation, the ASEAN Supreme Audit Institution would work to syncronize audit standards among the ASEAN members.

“The first focus will be to increase capacity between our countries,” he told a news conference, on the sidelines of a technical meeting between ASEAN auditors to draft an agreement on the supreme audit agency.

“If we succeed in supporting good governance in our respective countries, in 2015 there will be an ASEAN community that will require us to prepare to head toward euro joint auditors — the European Court of Auditors."

Daeng, however, noted the “different maturity level between ASEAN countries”; therefore, intensified talks are necessary to go in such a direction. “We are buildinging history. This is the first step.”