UAE Internal Audit Department cooperates with Central Bank on international best practices

The UAE Internal Audit Department is cooperating with the Central Bank on international best practices. Courtesy of Shutterstock
The UAE Internal Audit Department is cooperating with the Central Bank on international best practices. - Courtesy of Shutterstock
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The Central Bank of the United Arab Emirates (UAE) recently sent a
delegation to the Roads and Transport Authority (RTA) to review the Internal
Audit Department’s best practices and procedures and to share their expertise
and knowledge. 

The Internal Audit Department recently won
awards for Governance Audit, IT Audit and Corruption and Fraudulence Audit, and
the meeting highlighted both the RTA’s values, vision, mission and goals and
the department’s objectives and core operations. 

The meeting was organized to
promote bringing the department’s policies in line with international industry
best practices. The Central Bank delegation applauded the RTA for its openness
and cooperation. 

“Such visits aim at achieving the best
practices of revamping government performance across the UAE in general and
Dubai Emirate in particular,” RTA Director of Internal Audit Abdullah Al
Jawi said. “The Internal Audit Department is committed to adopting the highest local
and international standards and practices, and implementing them in advancing
the corporate governance such as enhancing the role of monitoring and
questioning through audit. Thanks to this policy, the Department has garnered
three distinctive awards all about top government practices of the sector
nationwide; a testament to the commitment and professional transparency.”



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