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| Participants at a seminar hosted by the Institute of Internal Auditors (IAA) and the Qatari Certified Public Accountants |
The event, sponsored by the Governance, Risk & Compliance business of Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, brought together more than 80 senior level internal auditors at the Millennium Hotel to discuss the advances in best practice and the various challenges the internal audit community faces.
Meeting chairman Sundaresan Rajeswar, board member of the IIA indicated a new specialty course, Certification in Risk Management Assurance, offered by the Institute of Internal Auditors for risk management professionals and auditors. Mustafa Zacour co-ordinated the event for the IIA.
Glenn Rhea, Qatar account director at Thomson Reuters Governance, Risk & Compliance business, identified some of challenges the internal audit community faces, including the raft of regulatory obligations that confront businesses and the need for more advanced GRC technology solutions.
In addition, he highlighted the need for greater collaboration between audit and compliance as part of the GRC lifecycle, in order to help meet some of these challenges more effectively and, ultimately, to improve risk assessment results.
Many organisations around the world experience difficulty keeping up with the volume of regulation. An integrated approach to GRC that involves both audit and compliance teams, combined with the right technology, can help to manage, monitor and implement these changes more effectively.
