03 Dhu al-Qi'dah 1442 - 13 June 2021
    
  • Twitter Facebook Instagram Icon Linkedin Youtube Snapchat Alexa Icon
Sign up for newsletter
Eye of Riyadh
Eye of Riyadh
Business & Money | Thursday 10 June, 2021 7:11 am |
Share:

GACA, Saudi Institute of Internal Auditors Sign an Agreement to Implement Performance Quality Assessment Services

The General Authority of Civil Aviation (GACA) signed today a cooperation agreement with the Saudi Institute of Internal Auditors in the field of implementing quality performance evaluation services for GACA internal audit department, with the aim of activating aspects of partnership and cooperation between the two parties.

 

President of the General Court of Audit and Chairman of the Board of Directors of the Saudi Institute of Internal Auditors Dr. Hussam bin Abdulmohsen Al-Anqari and President of GACA Abdulaziz bin Abdullah Al-Duailej attended the signing ceremony.

 

The cooperation between the two side comes in terms of governance, risk management, and internal control, in an effort to benefit from the experiences between them in a way that serves the internal audit staff in GACA in particular, and the internal audit profession in general, and enriches the knowledge content of the profession. Furthermore, it contributes to the dissemination of the culture of internal auditing and the strengthening of national professional skills in this field.

 

According to the agreement, the Saudi Institute of Internal Auditors will work to provide compatibility between the internal audit department at GACA with the International Professional Practices Framework (IPPF), which includes the code of ethics and basic principles and the definition of internal audit and international standards for professional practice, as well as assessing compatibility between the Internal Audit Department and the International Professional Practices Framework (IPPF) by identifying opportunities to enhance internal audit processes, providing suggestions to improve the effectiveness of the internal audit activity, and providing ideas to improve the activity's image and credibility.

 

The Saudi Institute of Internal Auditors seeks to build and strengthen its relations with public and private sector bodies in accordance with its strategic plan 2021-2025, which was recently approved in its general assembly, with the aim of developing the internal audit profession, and activating its oversight role in the authorities, in order to achieve the aspirations of leadership and keep pace with the developments taking place in Saudi Arabia.

 

GACA is keen to cooperate and coordinate with all governmental and non-governmental agencies within the framework of qualitative partnership to strengthen the sector, raise performance efficiency, maintain sustainability, and facilitate audit and internal control processes in an effort to benefit from expertise. This is in addition to enhancing national professional skills in all fields and raising the level of transparency in the sector.

 

Share:
Print
Post Your Comment
ADD TO EYE OF Riyadh
RELATED NEWS
MOST POPULAR
Zain KSA top performer in 5G services
Zain KSA top performer in 5G services
Thursday 10 June, 2021 6:38