Egypt's Central Auditing Organization (CAO) celebrated its 75th anniverary on Monday with a ceremony attended by President Abdel-Fattah El-Sisi, who praised the organization's contribution to the governing of Egypt's finances, Al-Ahram Arabic news website reported.

El-Sisi was invited to enter his comments in the VIP-visitors book, confirming the CAO's vital role in monitoring state finances, improving the performance of state executive bodies, and guaranteeing the proper management of public resources and expenditure.

The president also honoured a number of CAO employees, including the wife of Hisham Barakat, the former public prosecutor killed in a bomb blast in June 2015.

CAO chief Hesham Badawy delivered a speech outlining the achievements of the organization, which was founded in 1942. Among its accomplishments, said Badawy, was the uncovering of corruption and assisting with various national projects relating to energy, infrastructure and the Suez Canal.

Monday's event was attended by a number of top Egyptian officials, as well as Harib Al-Amimi, whose roles include director of the UAE's State Audit Institution and head of the executive council of the International Organization of Supreme Audit Institutions (INTOSAI).

Al-Amimi delivered a speech praising the role of the CAO and the historic relations between the Egyptian and Emirati auditing institutions.

The CAO is a governmental body that supervises public finances, while seeking to prevent corrupt and unauthorized practices by public officials.