15 March 2011
MUSCAT -- KPMG, a leading international firm offering Audit, Tax and Advisory services, yesterday organised a breakfast seminar on the subject of 'Risk Based Internal Audit', the latest in a series of breakfast seminars KPMG intends to hold over the coming months.
This seminar is one of a series that fit with KPMG's new brand "Cutting through complexity", said Khalid Ansari, Partner of KPMG in Oman. "The seminar was aimed at to focus on the concept and importance of managing risk in the business and sharing with the audience the underlying philosophy of risk identification and the significance of the risk based approach to auditing."
As part of the introduction, Khalid Ansari mentioned that the purpose of this seminar was to highlight the role of internal audit in organisations which seek to have appropriate controls for the risks and manage them within acceptable levels. The seminar was led by Karl Hendricks, Head of Risk and Compliance, Middle East and South Asia Region. Karl highlighted that risk based internal auditing is a methodology that links internal auditing to the organisation's overall risk management framework. This allows the internal audit activity to provide assurance to the stakeholders that risk management processes are managing risks effectively, in relation to the risk appetite.
After the formal presentation, there was plenty of opportunity for questions in the Q&A session. A number of participants shared their own experiences and perspectives and a good debate took place with the KPMG team and other members of the audience.
"Overall, I think the seminar was very well received", said Khalid Ansari "and I look forward to increasing numbers of companies in Oman developing a risk-based Internal Audit which enables the organisation to quickly, consistently and efficiently respond to challenges provided by evolving risk profiles and rapidly changing regulatory requirements -- thinking beyond the system based auditing."
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 146 countries and have 138,000 people working in member firms around the world. In the Lower Gulf, comprising Oman and UAE, KPMG employs more than 700 professionals and operates from five offices in Muscat, Dubai, Abu Dhabi, Sharjah and Jebel Ali.
MUSCAT -- KPMG, a leading international firm offering Audit, Tax and Advisory services, yesterday organised a breakfast seminar on the subject of 'Risk Based Internal Audit', the latest in a series of breakfast seminars KPMG intends to hold over the coming months.
This seminar is one of a series that fit with KPMG's new brand "Cutting through complexity", said Khalid Ansari, Partner of KPMG in Oman. "The seminar was aimed at to focus on the concept and importance of managing risk in the business and sharing with the audience the underlying philosophy of risk identification and the significance of the risk based approach to auditing."
As part of the introduction, Khalid Ansari mentioned that the purpose of this seminar was to highlight the role of internal audit in organisations which seek to have appropriate controls for the risks and manage them within acceptable levels. The seminar was led by Karl Hendricks, Head of Risk and Compliance, Middle East and South Asia Region. Karl highlighted that risk based internal auditing is a methodology that links internal auditing to the organisation's overall risk management framework. This allows the internal audit activity to provide assurance to the stakeholders that risk management processes are managing risks effectively, in relation to the risk appetite.
After the formal presentation, there was plenty of opportunity for questions in the Q&A session. A number of participants shared their own experiences and perspectives and a good debate took place with the KPMG team and other members of the audience.
"Overall, I think the seminar was very well received", said Khalid Ansari "and I look forward to increasing numbers of companies in Oman developing a risk-based Internal Audit which enables the organisation to quickly, consistently and efficiently respond to challenges provided by evolving risk profiles and rapidly changing regulatory requirements -- thinking beyond the system based auditing."
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 146 countries and have 138,000 people working in member firms around the world. In the Lower Gulf, comprising Oman and UAE, KPMG employs more than 700 professionals and operates from five offices in Muscat, Dubai, Abu Dhabi, Sharjah and Jebel Ali.
© Oman Daily Observer 2011
