The Federal Authority for Nuclear Regulation, FANR, began the commemoration of the International Internal Audit Awareness month, advocated by the Institute of Internal Auditors, IIA, with special knowledge-sharing sessions
ABU DHABI, (Pakistan Point News - 13th May, 2019) The Federal Authority for Nuclear Regulation, FANR, began the commemoration of the International Internal Audit Awareness month, advocated by the Institute of Internal Auditors, IIA, with special knowledge-sharing sessions.
The significant contribution of its Internal Audit Department in improving the effectiveness of FANR’s risk management, internal controls and governance processes will also be highlighted.
Kicking off this year’s activities, which are held annually in May, the FANR’s Internal Audit Department, with the support of FANR’s board of Management and Senior Management, organised a knowledge-sharing session on governance open to FANR’s Management led by Khaled Hamid, Executive Director of the State Audit Institution of the UAE.
Amna Faridoon, Chief Audit Executive at FANR, said, "We are pleased to commemorate the International Internal Audit Awareness month and will be organising a series of workshops and sessions across FANR to highlight the importance of the 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 on transparency, accountability and fairness, is essential to the achievement of our mission and vision."
FANR’s governance 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.
"Independent internal audits support FANR in accomplishing objectives by ensuring the application of a systematic and disciplined approach 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 recognise the contribution of our Internal Audit Department during the month of May, and look forward to the many informative discussions and sessions ahead," Faridoon added.
