Latest news with #InternationalStandardsfortheProfessionalPracticeofInternalAuditing
Yahoo
13-05-2025
- Business
- Yahoo
Saudi's GCA hosts sixth Internal Audit Forum
The General Court of Audit (GCA) in Saudi Arabia has hosted its sixth Internal Audit Forum at its headquarters in Riyadh. The programme conducted on 11 May 2025, in alignment with International Internal Audit Awareness Month drew over 550 leaders and specialists, the Saudi Press Agency (SPA) reported. A central feature of the forum was the launch of the 'Internal Assistant,' an AI-powered tool designed to provide immediate, accurate responses for internal auditing queries. Developed in line with the International Standards for the Professional Practice of Internal Auditing from the Institute of Internal Auditors (IIA) and the Unified Regulations for Internal Audit Units in Government Entities and Public Institutions, the tool is tailored for public sector auditors to boost efficiency and performance. GCA Internal Audit supervisor general Dr Seita Almandeel stressed the strategic role of internal auditors as advisors and decision-making partners. She emphasised the need for ongoing education and professional development, highlighting GCA's initiatives such as the 'Knowledge Community for Internal Auditors'. In a LinkedIn post, Institute of Internal Auditors president and CEO Anthony Pugliese said: 'I was grateful for the opportunity to share insights on the future of our profession and to engage with inspiring internal audit leaders from across the Kingdom. In a keynote at the event, he spoke about the integration of modern technologies such as AI in internal auditing. Pugliese also highlighted 'a global shift towards expanding the advisory role of auditors', with industry leaders intending to allocate 'up to 40% of audit plans to consulting activities within the next decade'. The forum also included panel discussions on accrual accounting and IT general regulations, an exhibition, and interactive workshops. The GCA's forum sought to enhance internal audit practices in government organisations, especially during the shift to accrual accounting, while promoting professional expertise and tackling current challenges and opportunities in the field. "Saudi's GCA hosts sixth Internal Audit Forum" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Hi Dubai
02-04-2025
- Business
- Hi Dubai
DEWA's Internal Audit Earns Top Recognition for Global Standards Compliance
Dubai Electricity and Water Authority's (DEWA) Internal Audit Department has achieved the prestigious 'Generally Conforms' rating from the UAE chapter of the Internal Auditors Association (IAA). This is the highest level of conformance to the International Standards for the Professional Practice of Internal Auditing set by the Institute of Internal Auditors (IIA). The recognition underscores DEWA's unwavering commitment to global best practices in governance, risk management, and internal control processes. By adhering to these standards, DEWA enhances confidence in its operations and reinforces its strategic objectives. Saeed Mohammed Al Tayer, MD & CEO of DEWA, received the certification at the authority's headquarters, accompanied by Ahmed Hassan Mohammad Noor, Acting Vice President of Internal Audit, and the internal audit team. 'We align with the vision of our wise leadership to drive sustainable excellence in all operations. Our internal audit methodologies leverage advanced analytics and AI-driven tools to strengthen auditing processes. This rating affirms our dedication to transparency, integrity, and world-class governance, furthering DEWA's vision of being a globally leading sustainable innovative corporation committed to net-zero by 2050,' said Al Tayer. Ahmed Noor emphasized DEWA's commitment to adopting cutting-edge AI and data analytics in auditing, ensuring rigorous compliance with local and international standards. 'With strong leadership support, we execute comprehensive audit procedures with integrity and efficiency, fostering stakeholder confidence,' he stated. DEWA adheres to key global governance frameworks, including ISO 37000 and BS 13500, while aligning with the Security and Commodities Authority (SCA) and Dubai Financial Market (DFM) regulations. The authority continuously benchmarks its internal audit functions against leading international practices, solidifying its position as a governance and management excellence leader. News Source: Emirates News Agency