Forum highlights key role of internal audit

MANAMA: More than 150 employees from 55 government agencies attended a seminar on the importance of internal audit organised by the National Audit Office (NAO).

Specialists from local and international institutions also attended.

The two-day symposium discussed 11 working papers on NAO’s work procedures and processes, the most important developments and latest practices in internal audit and international standards in the audit field.

NAO auditor general Shaikh Ahmed bin Mohammed Al Khalifa stressed the importance of strengthening partnerships with various government bodies and agencies and applying the latest best practices in auditing.

He indicated that NAO already works with various bodies on programmes to ensure that the latest standards in managing and safeguarding public funds are applied.

The symposium aimed at raising awareness of the importance of internal auditing and at strengthening co-operation between NAO and relevant authorities to achieve further integration in audit work.

Shaikh Ahmed said NAO plans to launch more programmes on proper management of public funds, noting the possibility of organising a symposium for employees in the legal sector, to discuss audit concepts from a legal perspective and international best practices in the field.

“The National Audit Office has been operating for 16 years, and we must develop systems that keep pace with the latest developments in international practices in the audit sector and ensure more efficiency in performing audit tasks,” Shaikh Ahmed said.

The seminar targeted employees from internal and financial audit departments as well as financial resources sections within government bodies and agencies subject to NAO audit, while specialists and experts from Bahrain University, the Bahrain Institute of Banking and Finance, and international companies such as Deloitte and Touche, Ernst and Young, PwC and KPMG, in addition to NAO trainers attended.

Source: http://www.gdnonline.com/Details/770821

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