Bank Of Baku

ASOSAI official: Some institutions are still in the recovery phase after pandemic

Kai Hou, head of China’s Supreme Audit Institution and representative of the ASOSAI Secretariat

© APA | Kai Hou, head of China’s Supreme Audit Institution and representative of the ASOSAI Secretariat

# 17 July 2025 10:26 (UTC +04:00)

Membership fee increases for institutions affected by the pandemic should be postponed, said Kai Hou, head of China’s Supreme Audit Institution and representative of the ASOSAI Secretariat, APA-Economics reports.

Speaking at the 62nd meeting of the ASOSAI Governing Board held in Baku, Kai Hou made an important proposal regarding membership fees while speaking about the financial situation of the organization.

He said that ASOSAI's annual fixed income currently amounts to 150,941 US dollars. However, considering that the 25% membership fee increase planned by INTOSAI will create an additional financial burden for supreme audit institutions affected by the pandemic, it is recommended to postpone this increase.

"Some institutions are still in the recovery phase after the pandemic. We need to show solidarity within the organization and we can reduce the burden on them by postponing this increase," Kai Hou noted.

According to him, the organization currently has more than $500,000 in reserves, which is enough to finance ASOSAI's activities for at least 3-5 years.

Note that the issue has been officially discussed on the agenda of the ASOSAI Board of Directors, and if the proposal is approved, the increase in membership fees will be postponed to a more appropriate time.

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