tag

QNB Group has expanded the scope of its ISO 9001:2015 certification for the Policies and Procedures Department within the Operations Control Division to include its diverse international network.ISO 9001:2015 is an internationally recognised standard for quality management systems, focused on ensuring organisations consistently meet stakeholder requirements through effective processes, strong governance, and continuous improvement.The certification covers the provision of centralised policy and procedure governance and support to both domestic and international branches where QNB operates.It also includes the full lifecycle management of policies, procedures, circulars, and forms, including their creation, review, approval, dissemination, implementation, monitoring, and retirement, in line with internationally recognised quality management standards.This scope extension reinforces QNB’s commitment to operational excellence by ensuring a consistent, structured, and transparent approach to governance across all markets.By centralising policy oversight, QNB enhances alignment across its international network, strengthens control frameworks, and supports effective risk management and regulatory compliance.The certification also reflects QNB’s focus on continuous improvement through regular reviews, performance monitoring, and ongoing enhancement of internal processes.The milestone further supports the Group’s broader transformation into a diversified international banking group, underpinned by strong governance, operational discipline, and sustainable growth. 

The Ministry of Commerce and Industry (MoCI) has organised a specialised seminar on enhancing quality management in the auditing profession.Held at the ministry's premises with the participation of registered auditors, the seminar aimed to bolster their understanding of the latest updates to quality management standards in the auditing profession and to raise awareness of the practical applications of these standards, thereby contributing to enhancing the quality of auditing work and ensuring strict compliance with professional and regulatory requirements, in accordance with best practices.This event was part of MoCI's steadfast efforts to advance this profession, as regulated by Law No 8 of 2020, through backing auditors' capabilities and enhancing their performance to ensure accurate and reliable financial reports.The seminar featured the International Standard on Quality Management (ISQM 1), which aims to enhance the efficiency of audit processes and emphasises the importance of quality management within auditing and assurance firms, whether regarding financial statement audits or assurance and related services, including engagement quality reviews.In addition, the seminar emphasised that it is important for auditing firms to establish integrated quality management systems, pursue a constant optimisation approach, and implement a monitoring mechanism as a key enabler of success, through quality standards impacting the quality of audit services and their role in building client trust and enhancing firms' presence and credibility in the market.The seminar concluded with an interactive panel discussion, during which experts answered the participants' questions, reviewing methods of navigating key challenges they might encounter when applying these standards, thereby fostering the quality of auditing processes and adherence to international standards.