Abu Dhabi to Host 2nd Best Practice Award in Internal Audit, 2016

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Institute of Internal Auditors, UAE Announced the Inauguration of 2nd Cycle of its “Best Practice Award in Internal Audit” to Endorse the Premium Practices Implemented by Public & Private Organizations Contributing Towards Audit Related Benchmarking.

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

The esteemed award once again targets to appreciate and inspire contestants to benchmark their finest practices against a definite model together with a collection of their performance indicators that resulted in business productivity of their organizations.

The opening round of the Best Practice Award held in Dubai was met with an overwhelming reply from different organizations. It created a ritual to share Best Practices inside the regional departments of Internal Audit. Considering the success of last year, the UAE-IAA will keep on promoting the initiative. Officials are optimistic that this year will have more entries and a bigger impact than the last.

The award event is in conformity with the strategic idea of the UAE IAA to elevate the government and private firms’ performance and inspire them to implement excellence standards and international quality via advanced processes of internal auditing.

The purpose of this award is to encourage organizations to challenge their tactics that will improve their management processes to help them achieve higher results. Moreover, it will also encourage organizations to share their successful practices with the business community and generate awareness about the importance of internal audit among smaller business firms.

Local, foreign and regional multinational, medium and small enterprises and government organizations are all welcome to participate. The award is categorized into three sections: IT and Fraud, Governance and Risks and Controls. Last date to submit applications is Fifteenth September, 2016. Selected finalists will be declared on the Sixth of October. Selected entries will be presented before the panel of judges on November the Ninth and the official announcement of winners will be given on November the Tenth, 2016.

It is a firm belief of UAE-IAA that creativity and innovation are two important skills to achieve success in advanced economies. Creative problem solving skills are needed more than ever, in sorting out suitable solutions for management problems. Therefore, creativity will be given special emphasis while adjudicating the winners. Award criteria also include implementation and benefits of both organization and internal auditing.

UAE-IAA President, Mr. Abdulqader Obaid Ali, stated his views saying, “It is our honor 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”.

Send in a submission of maximum twelve hundred words to participate in the Second Best Practice Award in Internal Audit. For details and downloading the form, please visit http://iiauae.org/how-to-participate.htm

 1st Best Practice Award Ceremony

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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