Wednesday, August 10, 2016

UAE-IAA launches the 2nd Cycle of Best Practice Award in Internal Audit to acknowledge Industry Best Practices implemented by Organizations

The UAE-IAA invites public and private sectors to participate in the competition and contribute towards audit related benchmarking and sharing of best practice.

Dubai, United Arab Emirates - Wednesday, August 10th 2016 [ME NewsWire]

The UAE Internal Auditors Association (UAE-IAA), The Institute of Internal Auditors (IIA-Global) Affiliate in the UAE, has announced the 2nd Best Practice Award in Internal Audit to be held in Abu Dhabi this year.

After the successful launch of the 1st cycle in 2015 in Dubai, the prestigious award once again aims to appreciate and encourage participants to benchmark their best practices against a defined model with a set of performance indicators, resulting in business productivity for their organizations.

The first cycle of the Best Practice Award received an overwhelming response from organizations and created a culture to share Best Practices within Internal Audit departments in the region. Grounded on last year’s success, the UAE IAA will continue to promote the initiative and officials are hopeful that this year the number of entries will increase and the impact will be bigger.

The award ceremony is in line with the strategic vision of the UAE IAA to raise the performance of government and private entities and encourage them to implement global quality and excellence standards through advanced internal auditing processes.

The award is designed to encourage the organizations challenge their approaches for better management processes thereby achieving higher results, share with the business community successful practices and create awareness about internal audit profession among smaller business entities.

Participation is open for local, regional and foreign multinationals, government entities and small and medium enterprises. Categorized into three categories Governance, Risks & Controls, IT and Fraud, the final date for the submission is 15th September 2016 and the shortlisted finalists will be announced on October 6th. These shortlisted submissions will be presented to the jury on 9th November and the winners will be announced officially on 10th November 2016.

The UAE IAA firmly believes that innovation and creativity have become critical skills for achieving success in developed economies. The need for creative problem solving has arisen as more and more management problems require creative insights in order to find suitable solutions. Hence there will be special emphasis on innovation while adjudging the winners. Apart from Innovation, the award criterion include implementation, benefits to organization and benefits to internal auditing. 

Mr. Abdulqader Obaid Ali, President of UAE-IAA, expressed his vision saying, “It is our honour to host the 2nd Best Practice Award in Internal Auditing once again. We are the pioneers in the region to provide internal audit professionals with such valuable knowledge, tools and techniques to implement new and effective internal auditing methods within their organizations.”

For participating in the 2nd Best Practice Award in Internal Audit send in your submissions in 1,200 words max. For downloading submission form and other details visit

About UAE-IAA:

The UAE Internal Auditors Association (UAE IAA) was set up in July 1995, as a non-profit organization along the lines of its parent body with the support and co-operation of the Emirates Group, the Economic Department, Dubai Chamber of Commerce, Al Futtaim, Emirates Bank and Dubai Aluminum Company (DUBAL).

On the 24th of June 2006, the association sought and gained approval to become the official IIA affiliate in the UAE.

In 2008 it obtained a license to become the UAE Internal Auditors Association. The Association today has secured the support of leading companies from the UAE who are involved in promoting the profession of Internal Auditing through this medium.

In line with its mission “To provide dynamic leadership to advocate and promote the profession of internal auditing throughout the UAE”, the association offers trainings, workshops, seminars, QA services and conferences with the objective of promoting the internal audit profession within the business community. The UAE IAA has frequently been inviting leading speakers from across the world to share their experience and knowledge with business leaders and audit professionals within the UAE. We have also been fortunate enough to have some of the most respected business leaders that UAE has to offer, address our audience.


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