Welcoming the delegates from SAARC member countries and speakers of the seminar, Wathra informed the audience that the seminar had been conceptualized with a keen view towards sharing knowledge on internal audit
practices, standards, systems, latest developments and issues facing internal audit
functions in Central Banks across the SAARC region.
Factors associated with IT audits by the internal audit
Whether you are a public company or a private company you can get a lot of value out of internal audit
* Make sure internal audit
has the right resources and skill sets.
"So we see the internal audit
function as ideally suited to provide some assurance to the board on how well risks are being managed."
Among the other areas covered are Internal audit
and the global financial crisis, internal audit
assurance and consulting roles, and the implications of internal audit
independence and objectivity.
The supervisor set a plan for the development of human resources in the Department of Internal Audit
In his concluding speech, Abdulqader Obeid Ali, president of UAE Internal Audit
Association, said: 'We had a successful week starting with the 12th Regional Gulf Audit Conference followed by the First Chief Audit Executives Conference.'
is realigning to handle the most complex issues I've ever seen," says the IIA's Chambers.
This has been a particular concern since the enactment of Section 404 of the Sarbanes-Oxley Act of 2002, which has resulted in internal audit
functions devoting more resources to evaluating and improving internal controls.
The principal roles for internal audit
encompass evaluation of business processes, monitoring of the conversion program, risk management and communications, education and training.
The Internal Audit
Code of Practice will be the first comprehensive set of audit benchmarks for non-financial services firms.