The Bank Celebrates “International Internal Audit Awareness Month”

In recognition of International Internal Audit Awareness Month falling in May every year, the Bank has launched its annual Internal Auditing Campaign for raising awareness on internal audit function and its important role in the banking sector. As part of this initiative, Amr Al-Kasaby – Chief Internal Auditor – encouraged employees to pursue professional certification programs. This effort falls under Internal Audit Division’s commitment to improving performance quality, and adding value to the Bank, in line with its policy of adopting international best practices, developing national talents and empowering women by equipping them with specialized and relevant skills.

In this regard, Amr Al-Kasaby said: “The internal audit profession has evolved over the years, and has become one of the most powerful tools that adds value and helps banks achieve their goals by utilizing analytical tools and continuous audit methodologies in reporting. This approach comes in line with the new international standards for internal auditing. As internal auditors, our work plays a key role in raising awareness on internal audit in a way that facilitates management of the banking operations. Our goal is to clear up any misconceptions about the profession, and enhance the business community's understanding of the essential role of internal audit, ensure strong organizational governance, an effective internal control system, and effective risk management. To contribute to advancing the Bank on the domestic level, we uphold the highest standards of efficiency and transparency, adhere to the Bank’s policies and regulatory instructions, in addition to participating in initiatives like this one.”

Al-Kasaby also clarified that the role of the internal auditor has shifted from being just a compliance monitor to a more reliable strategic advisor, thus helping the Bank protect its value and achieve its long-term goals.

In conclusion, it is worth mentioning that the Institute of Internal Auditors aims to highlight the importance of internal audit throughout May each year, and gives internal audit professionals the opportunity to promote the values of the profession and its key role in organizations and societies. In this line, the Bank's Internal Audit Division published a series of awareness messages throughout May via social media networks and the Bank's internal channels.