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29 March 2024

UAE-IAA launches second Best Practice Award in Internal Audit

The 1st Best Practice Award Ceremony by UAE the Internal Auditors Association (Supplied)

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By Staff

The UAE Internal Auditors Association (UAE-IAA), The Institute of Internal Auditors (IIA-Global) Affiliate in the UAE, has announced the second Best Practice Award in Internal Audit to be held in Abu Dhabi this year.

After the successful launch of the first cycle in 2015 in Dubai, the award once again aims to appreciate and encourage participants to benchmark their best practices against a defined model with a set of performance indicators, resulting in business productivity for their organizations.

The award aims to encourage organisations challenge their approaches for better management processes thereby achieving higher results, share with the business community successful practices and create awareness about internal audit profession among smaller business entities.

Participation is open for local, regional and foreign multinationals, government entities and small and medium enterprises.

Categorised into three categories Governance, Risks & Controls, IT and Fraud, the final date for the submission is 15th September 2016 and the shortlisted finalists will be announced on October 6th.

These shortlisted submissions will be presented to the jury on 9th November and the winners will be announced officially on 10th November 2016.