Finance Ministry preparing plan to apply int'l audit standards in public sector

AMMAN — The Finance Ministry is currently preparing an executive plan to apply international audit standards in the public sector to improve the quality of financial reports and increase transparency, Finance Secretary General Izzeddin Kanakrieh said Saturday.

At a workshop held within the financial reform project funded by the USAID, Kanakrieh added that applying international audit standards will enhance oversight and accountability, as well as facilitating decision making at the right time to guarantee the best use of financial resources. He added that Jordan will be among pioneering countries to apply these standards.