PHOTO
- FANR’s Corporate Governance is built upon transparency, accountability and fairness
Abu Dhabi: The Federal Authority for Nuclear Regulation (FANR), the UAE’s independent nuclear regulator, is commemorating International Internal Audit Awareness month by holding special knowledge sharing sessions and highlighting the significant contribution of its Internal Audit Department in improving the effectiveness of FANR’s risk management, internal controls and governance processes.
Advocated by the Institute of Internal Auditors (IIA), International Internal Audit Awareness month takes place globally every year during May. With the support of the FANR’s Board of Management and Senior Management, Kicking-off this year’s activities, FANR’s Internal Audit Department organized a knowledge sharing session on governance open to FANR’s Management. The session was led by Khaled Hamid, Executive Director of the State Audit Institution of the UAE, who shared lessons learned during his 30 years of experience working at various audit institutions.
FANR’s governance model is built upon the pillars of transparency, accountability and fairness, and has been designed to nurture a culture of excellence and efficiency across all levels of the organization. The model is based on international best practices and incorporates elements from other regulatory authorities as well as criteria from the State Audit Institution of the UAE and the European Corporate Government Institute.
Amna Faridoon, Chief Audit Executive at FANR, said: “We are pleased to commemorate International Internal Audit Awareness month and will be organizing a series of workshops and sessions across FANR to highlight the importance of role of Internal Audit and importance of effective internal controls to enhance the Governance Framework at FANR. The effective implementation of our governance framework, based upon transparency, accountability and fairness, is essential to the achievement of our mission and vision.”
“Independent internal audits support FANR in accomplishing its objectives by ensuring a systematic and disciplined approached is applied to the evaluation of its risk management, control and governance processes. Our audit department regularly provides recommendations on how to improve our operations and holds special sessions for employees throughout the year to create an effective culture that supports governance. We are delighted to have the opportunity to recognize the contribution of our Internal Audit Department during the month of May, and look forward to the many informative discussions and sessions ahead,” added Faridoon.
International Internal Audit Awareness month is celebrated each May with events and activities around the world. The month-long event is advocated by the Institute of Internal Auditors (IIA) to raise awareness of the Internal Audit Profession and its value. Established in 1941, the IIA is the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator.
-Ends-
For more information, please contact:
Mohammed Amasha
Media and Communications Advisor
Tel: +971503845677
Email: Mohammed.Amasha@fanr.gov.ae
About FANR:
The Federal Authority for Nuclear Regulation (FANR), set up in 2009, is the regulatory body for the nuclear sector in the United Arab Emirates. FANR regulates all nuclear activities and licenses the use of radioactive sources in the UAE. This includes regulating not only the design, siting, construction, operation and decommissioning of nuclear power plants in the country but also includes regulating radioactive material and radiation sources. FANR controls nuclear safety, security, radiation protection and safeguards, and is committed to enforcing the global accords entered into by the UAE. Learn more at www.fanr.gov.ae.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
