Launch of Kuwait Internal Auditors Association & The Institute of Internal Auditors (IIA)- Kuwait Chapter

Kuwait: Kuwait Internal Auditors Association & IIA Kuwait Chapter announced the launch and initiation of membership registration for the Internal Audit professionals in the State of Kuwait in accordance with the regulations of the Ministry of Social Affairs. The Association has been setup as a platform to support and enhance the professions of Internal Audit, Risk, Governance and Compliance in Kuwait.

The launch event was sponsored by Protiviti Member Firm for the MENA region and was held at JW Marriot in the beginning this month, in the presence of host of dignitaries and audit professionals across various sectors.

With the launch, Kuwait Internal Auditors Association joins a network of more than 100 international affiliates across 170+ countries with more than 185,000 members worldwide. It is expected to provide an opportunity to network with fellow Internal Audit professionals and other related professions.

The Chairman of the Board Mr. Mansour Shashtari, along with the Board members presented the mission and objectives of the Association and emphasized the importance of this body to the Kuwait economy and the profession. Furthermore, he stated “This is indeed a very significant milestone for us as we formally announce the Kuwait Internal Auditors Association. I would like to thank all our colleagues and the Ministry of Social Affairs for taking an active interest and providing us with all the support in making this a possibility. He added further “The association will work towards advancement of internal auditors and dynamically promote, develop and elevate the profession and related professions of Control, Risk management, Governance and Compliance in Kuwait”.

Further, Kuwait Internal Auditors Association’s chairman invites everyone to join the association and participate in its future activities. The association is open to be sponsored by any consultancy firm in its upcoming events.

Speaking at the occasion, Mr. Sanjay Rajagopalan, Managing Director - Protiviti, responsible for Internal Audit & Financial Advisory Services for the MENA region stated “We are delighted to be the sponsors in the launch of this Association and look forward to the elevation of the Internal Audit profession in the State of Kuwait. We will continue our support and work together with all the members and sectors in Kuwait for enhancing corporate governance practices”.

About Kuwait Internal Auditors Association (IIA Kuwait Chapter)

The association aims to:

• Meet and communicate with professionals working in the related regulatory professions to exchange experiences.
• Support and emphasize the auditing professions in general and the internal audit profession in particular in the State of Kuwait.
• Develop these professions by all means in order to increase their effectiveness and efficiency in the State of Kuwait while applying international standards.
• As well as, the association aims to promote best practices in corporate governance, risk management and internal control through:
• Refine members’ experiences and urge them to follow global best practices.
• Help and Support members to obtain international professional certificates through developing training materials and cooperating with local, Arab and international scientific and professional bodies in this regard.
• Contribute to spread awareness by providing regular training, organizing workshops, seminars, annual conferences and attracting prominent speakers from different parts of the world to exchange experiences and knowledge in order to enhance the profession within the business community.
• Support the official authorities in reviewing laws’ drafts related to the profession and studying the current laws in the country and making proposals and recommendations on them in accordance with international standards and best practices.
• Establish alliances with the relevant authorities, institutes and bodies. Furthermore, cooperate and coordinate with similar Arab and international associations and relevant bodies to exchange knowledge related to the profession and develop the profession.

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For further information, please contact: Lisa George/Ranya Al Bayoumi, Iris Public Relations, Dubai, UAE. Tel: +97144341207. E-mail: Lisa@irispr.net  or Ranya@irispr.net . Website: www.irispr.net 

About Protiviti

Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Through its network of more than 85 offices in over 25 countries, Protiviti and its independently owned Member Firms provide clients with consulting solutions in finance, technology, operations, data analytics, governance, risk and internal audit.

Named to the 2019 Fortune 100 Best Companies to Work For® list, Protiviti has served more than 60 percent of Fortune 1000® and 35 percent of Fortune Global 500® companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies. In the MENA Region, Protiviti’s member firm is a leading provider of business consulting, internal audit, risk management, technology, forensic and fraud investigation, human capital, managed business services, data analytics, digital transformation, and transaction services. Protiviti member firms are separate and independent legal entities, are not agents of other firms in the Protiviti network, and have no authority to obligate or bind other firms in the Protiviti network.

Protiviti is a wholly owned subsidiary of Robert Half (NYSE: RHI). Founded in 1948, Robert Half is a member of the S&P 500 index.

© Press Release 2019