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Internal Audit Forum: New Era, New Role

29- 30 July, 2022, Grand Rotana Resort & Spa – Sharam El Sheikh

Internal auditing as a concept has changed dramatically throughout time, with a fast pace evolution especially during and post the pandemic in the last 2 years.

Today, instead of focusing only on discovering irregularities and pursing offenders, internal auditing has become an independent, objective assurance and consultancy activity designed to add value and improve an organization’s operations and helps accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Internal auditing as a concept has changed dramatically throughout time, with a fast pace evolution especially during and post the pandemic in the last 2 years.

Large organizations, such as Banks, and due to huge number of transactions, staff as well as the variety and complexity of other operations, often need to formalize and standardize their policies, procedures and workflow; and what applies to other departments, applies to an Internal Audit Function.

Arab Banks Awards and Commendations of Excellence

Within the framework and the objectives of the World Union of Arab Bankers to promote the Arab banking and financial industry and the professional scope of Arab banking, the Union launched in 2015 and through its monthly magazine The Banking Executive, the first round of the “Excellence and Achievement Awards” ceremony, which has become an annual event attended by senior bankers and international figures from international and regional institutions.

The Bank of Excellence Awards and Achievement Awards aim to honor Arab personalities and banking institutions that have achieved significant achievements during their career. They have been instrumental in promoting and developing the Arab banking industry, and have formed a remarkable example of outstanding performance and adherence to international standards and legislation, in addition to their active contribution to the promotion of economic development in the Arab world.

WUAB's Activities Sponsors for the Year 2022