EMERGING RISK TRENDS IN THE BANKING SECTOR AND HOW INTERNAL AUDIT NEEDS TO RESPOND

Over the past 10 years, the Banking Industry has experienced a number of severe shocks. From the global financial crisis to global austerity to the LIBOR and FX scandals and the recent oil price slump, a number of risks have emerged that were previously not considered important. Regulators have also added to the pressure on…

بتاريخ    الكاتب   في الأبواب  .

Conversations with Colleagues: Karl Hendricks

  In an exclusive interview, Internal Auditor – Middle East spoke to Karl Hendricks, QIAL who is currently a Partner in KPMG Lower Gulf Limited and leads the Consulting practice. He has over 18 years of experience in providing Risk & Management Consultancy including areas such as Internal Audit, Risk Management, Corporate Governance, Forensics and…

بتاريخ    الكاتب   في الأبواب  .

People Skills for Internal Auditors

“People Skills” are considered an integral part of the essential skills that must be acquired by the internal auditor. It aims to change the negative impressions that some employees may have about internal auditors into more positive perceptions. This is accomplished by creating a positive image of the internal auditor by describing him/her as an…

Marketing Internal Audit Services

According to the Institute of Internal Auditors’ definition of Internal Auditing, there are two types of services that are provided by the Internal Audit function, namely, Assurance and Consulting services. The definition also set out its scope of work to include evaluating and improving the effectiveness of Governance, Risk Management and Control processes. Consequently, there…

بتاريخ    الكاتب   في الأبواب  .

The Evolving Role of Internal Audit in Corporate Governance

Sir Adrian Cadbury defines corporate governance as “the system by which companies are directed and controlled”. The proper corporate governance structure specifies the distribution of rights and responsibilities among the different parties in the organization; this includes the board, managers, shareholders and other stakeholders. It will also lay down the rules and procedures for decision-making…

بتاريخ    الكاتب   في الأبواب  .

Auditing Construction Projects

Introduction Many companies engage in construction projects which can entail significant risks and costs. Companies have gone bankrupt by poor initial analysis of project benefits and a cavalier attitude to project management and costs. As a result, it is likely construction risks will be high and an audit may be scheduled in the Annual Internal…

بتاريخ    الكاتب   في الأبواب  .

Building Trust in the Digital Era

The Digital era You hear it called the digital revolution – the transformation of how we work and live, which is one of the great megatrends that will continue shaping the world this century.  Organisations in the Middle East are coming to the realisation that technological advances will have the greatest impact on their business…

cube diagrame

COSO’s Internal Control – Integrated Framework

COSO’s Chairman writes about the global importance of the 2013 COSO Framework while pointing out that there is no excuse for companies in the Middle East not to learn the framework, communicate it to others and use it to help improve their internal controls. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released…

بتاريخ    الكاتب   في الأبواب  .