Dubai Economy, a government body dedicated to supporting the emirate’s economic growth, recently organized a workshop aimed at raising awareness about the crucial role of internal audits within businesses and organizations across Dubai. The workshop, which attracted a diverse range of participants from various sectors, served as a platform to educate attendees on the significance of robust internal audit practices and their impact on organizational success.
The workshop delved into the core principles of internal auditing, emphasizing its role in safeguarding an organization’s assets, ensuring financial accuracy, and mitigating operational risks. Experts highlighted the importance of internal audits in fostering good governance and transparency within businesses.
Throughout the sessions, participants gained valuable insights into the internal audit process, including risk assessment methodologies, internal control frameworks, and best practices for conducting effective audits. The workshop also addressed the evolving landscape of internal auditing, with a focus on emerging technologies and their transformative potential within the field.
By equipping participants with a comprehensive understanding of internal audits, the Dubai Economy workshop empowered them to champion stronger internal controls and risk management strategies within their respective organizations. This, in turn, is expected to contribute to a more robust and resilient business environment in Dubai.
The workshop underscores Dubai Economy’s commitment to fostering a culture of sound financial management and corporate governance within the emirate. By promoting the significance of internal audits, the government body is taking a proactive step towards ensuring the long-term sustainability and growth of Dubai’s diverse business sectors.
