“Business Administration” at UOB Reviews Auditor’s Role in Internal Control

Sakhir – University of Bahrain (Khadijah Abdusalem)

25 March 2024    

The Department of Accounting at the College of Business Administration at the University of Bahrain recently hosted a speaker from Grant Thornton – Kingdom of Bahrain to present an interactive lecture on “Internal Control from an Auditor’s Perspective”, which was attended by a number of faculty members and students from the Accounting Department.

Mohammed Jassim Abdulaal, Director and Head of Anti-Money Laundering at Grant Thornton – Kingdom of Bahrain, stressed that internal control testing is a crucial element in the audit process and assessing the effectiveness of internal controls in the organization.

Abdulaal pointed out that internal control refers to the systems, processes and procedures implemented within the institution to protect its assets, ensure the accuracy of financial information, enhance operational efficiency, and comply with laws and regulations.

The speaker reviewed the components of the internal control system, the internal control factors that affect determining the relative importance of auditing, internal control testing procedures, in addition to the shortcomings of internal control during auditing and how to fix them.

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