The UAE Internal Audit Association hosted TheUAE IAA’s Chief Audit Executive Breakfast Meeting for 2012. The meeting was held by the association on the 18th of March in Armani Hotel Dubai, UAE, and the 19th of March in Emirates Palace Hotel Abu Dhabi, UAE
UAE Internal Audit Association discussed the latest trends in Internal Auditing, the importance of internal auditing and to change the perception of the internal audit to others.
Internal auditors play an important role in their organization’s corporate governance, internal control structure, risk management analysis, and financial reporting process. In the past decade, auditors actively have provided management with consulting and assurance services to assist in compliance and regulations, internal audit resources also have been expanded to satisfy the high demand for services to assist in executive certifications of internal controls and financial reports.
In the coming years, internal auditors may be expected to expand their role to assume more responsibilities in improving risk management, reducing organizational complexity and costs, and participating in developing strategic and governance processes.
Auditors may need to express opinions in the areas of corporate governance, risk management, and internal controls.
Mr. Abdulqader Obaid Ali, President of the UAE IAA says “Efficient and effective meetings are essential to the internal audit profession. From client engagement communication to team meetings and professional training, Internal Auditors are constantly challenged. Understanding the best practices in this area will hopefully contribute to all and strengthen the approach.”
UAE Internal Audit Association also talked about their upcoming 13th Annual Regional Audit Conference which will be held in Atlantis Hotel from the 15th to the 18th of April 2012.
The presentations were given by the UAE IAA’s key partners and were presented by Mr. Ali Raza the Director of Technology Risk & Assurance Services from PWC, Mr. Arindam De the managing director from Protiviti, Mr. Fadi Sidani the Partner in Charge from Deloitte, and Mr. Riaan Wessels the Director from KPMG.
The President of the Association thanked everybody for their attendance and is definitely looking forward to see them again in the upcoming events.
For more information on the private and public sector forums, please visit www.iiauae.org.
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About the UAE-IAA
The UAE Internal Audit Association (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 DUBAL. On the 24th of June 2006 the IIA in Dubai sought and gained approval to become IIA UAE.
In 2008 they obtained a license to become the UAE Internal Audit Association. The Association now has the support of leading companies from the UAE who are involved in promoting theprofession of Internal Auditing through this medium.
Keeping with the mission to provide dynamic leadership to advocate and promote the profession of internal auditing throughout the UAE, IIA UAE offers regular trainings, workshops, seminars and an annual conference with the objective of promoting the profession within the business community. It has in the past invited leading speakers from various countries to share their expertise and knowledge
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