- The gathering will drive discussions centered on the way forward for authorities auditing, inner controls, and monetary oversight, whereas providing modern insights
The Monetary Audit Authority (FAA) introduced the Foreseeing Authorities Audit Future Convention 2024, scheduled for twenty-four October at Madinat Jumeirah, beneath the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Monetary Audit Authority.
This yr’s theme, ‘Tomorrow’s Auditor,’ emphasises Dubai’s management in authorities auditing, bringing collectively key figures, senior officers, and consultants in auditing, finance, and economics. The convention will drive discussions shaping the way forward for authorities auditing, inner controls, and monetary oversight, whereas providing modern insights.
The occasion options panel discussions and workshops on finest practices and forward-thinking options important for advancing authorities auditing processes. These discussions may even serve to help Dubai’s financial panorama, aligning with its growth objectives.
Increase for accountability, transparency
Native and worldwide audio system, together with senior officers from Dubai’s authorities and federal entities, will share their experience on international auditing requirements and practices. This may promote information switch and improve authorities auditors’ efficiency, getting ready them for future challenges.
The convention will characteristic a number of panel discussions in keeping with the FAA’s dedication to enhancing accountability, transparency and integrity in using public assets in Dubai. These periods will spotlight key practices in authorities auditing and showcase a variety of main options to spice up this very important sector, which considerably contributes to the emirate’s complete growth.
His Excellency Abdulrahman Al Hareb, Director Common of the Monetary Audit Authority, highlighted the necessity to increase consciousness and construct a powerful tradition of auditing and governance inside public establishments, including that these are key pillars in making certain sound monetary practices and boosting the emirate’s progress and prosperity. “This convention retains tempo with the fast development Dubai is experiencing throughout varied fields, highlighting its place as a outstanding mannequin for sustainable growth each regionally and internationally, in addition to a worldwide hub for monetary, business, and tourism companies.”
Addressing the convention’s targets, HE Al Hareb acknowledged: “This aligns with the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to attain excellence throughout all sectors. By bolstering our auditing capabilities, we guarantee public funds are safeguarded and proceed to drive progress by means of finest practices in authorities auditing.”
Keynote handle
The convention will open with a keynote session titled ‘Governance of Synthetic Intelligence and the Digital Financial system,’ offered by His Excellency Omar Sultan Al Olama, Minister of State for Synthetic Intelligence, Digital Financial system, and Distant Work Purposes. The session will discover the significance of governance in AI and the digital financial system, reflecting Dubai’s modern imaginative and prescient.
This yr’s agenda for the ‘Foreseeing Authorities Audit Future Convention’ contains a collection of key dialogue periods. One notable session is titled ‘The Function of Efficient Governance and Oversight in Attaining the Dubai Financial Agenda D33.’ This session can be led by a distinguished panel of Administrators Common and esteemed officers, together with HE Malek Al Malek, Director Common of the Dubai Growth Authority; HE AbdulRahman Al Hareb, Director Common of the Monetary Audit Authority; HE Mohammed Lootah, President and CEO of Dubai Chambers ; and HE Khalfan Belhoul, CEO of the Dubai Future Basis. The session will give attention to the Dubai Financial Agenda D33, emphasising the important position of efficient governance and oversight in its implementation, in addition to enhancing the attraction of Dubai’s enterprise setting.
The convention may even highlight ‘Inspiring Girls: Success Tales from the UAE,’ that includes audio system corresponding to Her Excellency Hala Badri, Director Common of the Dubai Tradition and Arts Authority; HE Dr. Maryam Al Suwaidi, CEO of the Securities and Commodities Authority; and HE Aisha Miran, Director Common of the Information and Human Growth Authority. This session will spotlight Emirati girls’s accomplishments, providing inspiration and insights.
Notable periods
Moreover, there can be facet periods on key subjects corresponding to fraud threat evaluation, efficiency monitoring finest practices, and the way these could be utilized to inner auditing to form the way forward for authorities auditing and governance. Different periods will talk about governance’s position in enhancing tax compliance. Notable periods embrace ‘Governance for Sustainable Development’ and ‘AI in Inner Auditing,’ in addition to discussions on cybersecurity consciousness and the position of inner management in reporting.
Now in its second yr, the convention builds on the success of the inaugural version, which helped spotlight finest practices in authorities auditing to enhance effectivity and help growth. This aligns with HH Sheikh Mohammed bin Rashid’s imaginative and prescient of enhancing monetary safety and selling a tradition of monetary duty.
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