May 13, 2019
13 May 2019, Abu Dhabi, United Arab Emirates: 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.