The College of Business Administration Introduces Students to Internal Auditing Code of Ethics

Sakhir – University of Bahrain (Khadijah Abdusalem)

 

December 20, 2022

 

The Department of Accounting, College of Business Administration, University of Bahrain held a workshop under the theme “The Future of Internal Auditing”, in collaboration with the Bahrain Internal Auditors Association (BIAA) and Information Systems Audit and Control Association (ISACA) Bahrain branch, on Tuesday December 13, 2022, at Salam Center Hall in the College. The workshop was attended by many students and academians.

 

The head of the accounting department, Dr. Abdullah Khalid Al-Jalahma, stressed the importance of the workshop as one of the scientific activities organized by the College to educate students on many contemporary accounting issues.

 

SICO Head of Internal Audit Joseph Thomas reviewed the “principles of internal auditing”, which practitioners must adhere to, including integrity, efficiency, and independence. Practitioners must also support the organization’s development and its strategies and define tasks to be carried out through risk assessment.

 

Thomas defined internal auditing as an independent, objective, and advisory activity designed to add value, improve the organization’s operations, and help it achieve its objectives through adopting a structured and disciplined approach to assess and improve the effectiveness of risk management, control, and governance.

 

CEO of Smarteam Consulting, Dr. Ahmed Al-Balushi, gave a lecture under the theme “The Chief Executive Officer as a Trusted Advisor”, in which he touched on the qualities of the distinguished head of internal auditing, including personal qualities such as commitment to professional ethics, focusing on the outcomes, the ability to think creatively and establish relationships, as well as professional qualities.

 

For his part, the Executive Director of Al Safeer Management & Consulting, Khalifa Al-Jowder, gave a lecture on the “Challenges of IT Auditing in Real-Time Environment”. He addressed data management and governance, emerging technology, innovation, disruption and transformation in infrastructure, challenges of employment and skills, and managing third-party suppliers.

 

Ali Sharif, former Head of Internal Audit of Batelco Group, reviewed some lessons he learnt and challenges he faced in his position, with regard to professional standards. Sharif stressed that the internal auditor is part of the management team and organizational structure of the enterprise. He added that the internal auditor must be independent and adhere to the professional code of ethics, referring to some indicators of fraudulent behavior that the internal auditor may encounter.

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