OAB, Omin­vest, Oman LNG con­duct pro­fes­sional de­vel­op­ment work­shop

Muscat Daily - - PRESS RELEASES -

Oman Arab Bank (OAB), with a con­tin­ued fo­cus on pro­fes­sional de­vel­op­ment, re­cently con­ducted a spe­cialised au­dit work­shop at the OAB head of­fice in Ghubra. The work­shop, which was held in col­lab­o­ra­tion with Omin­vest and Oman LNG, wit­nessed the par­tic­i­pa­tion of 13 staff mem­bers from the three dif­fer­ent or­gan­i­sa­tions.

Com­ment­ing on the im­por­tance of con­duct­ing pro­fes­sional de­vel­op­ment in the work­place, Salah Ab­dul­lah al Sharji, head of In­ter­nal Au­dit, said, “We place a great em­pha­sis on devel­op­ing the skills and ca­pa­bil­i­ties of ev­ery­one within OAB. Hold­ing work­shops such as these is an im­por­tant part of our pro­fes- sional de­vel­op­ment process for team mem­bers. The themes of this work­shop high­lighted risk anal­y­sis, in­ter­na­tional au­dit stan­dards and method­olo­gies, proper util­i­sa­tion of au­dit tools and im­prov­ing over­all ef­fi­ciency and tech­niques when fi­nal­is­ing au­dit re­ports. In a fi­nan­cial en­vi­ron­ment, pro­fes­sional au­dit ca­pa­bil­i­ties are crit­i­cal for or­gan­i­sa­tional trans­parency.”

Or­gan­ised by the In­ter­nal Au­dit Team at Oman Arab Bank, the work­shop was spon­sored by the bank and con­ducted in col­lab­o­ra­tion with Omin­vest and Oman LNG. Head­ing the work­shop were train­ers from USbased PEF As­so­ciates, Inc, who fo­cused on best prac­tice tech- niques to strate­gise and draft au­dit re­ports based on riskbased au­dit­ing tech­niques.

“The work­shop was a great suc­cess, pro­vid­ing the par­tic­i­pants with much more ef­fec­tive re­port writ­ing strate­gies and au­dit­ing tech­niques. Given the over­whelm­ingly pos­i­tive re­sponse we have re­ceived from par­tic­i­pants, we will most def­i­nitely look into con­duct­ing sim­i­lar col­lab­o­ra­tive work­shops in the fu­ture” added Sharji.

PEF As­so­ciates, Inc is reg­is­tered with the Na­tional As­so­ci­a­tion of State Boards of Ac­coun­tancy (NASBA). They have been pro­vid­ing train­ing and con­sult­ing ser­vices to au­dit de­part­ments for 25 years.

Their highly in­ter­ac­tive work­shops fo­cus on re­port de­vel­op­ment and root cause anal­y­sis. They are also pre-qual­i­fied by the In­sti­tute of In­ter­nal Au­di­tors (IIA) and In­for­ma­tion Sys­tems Au­dit & Con­trol As­so­ci­a­tion (ISACA).

Oman Arab Bank is one of the first banks to be es­tab­lished in Oman, with a rich and proud his­tory. To­day, the bank op­er­ates a na­tion­wide net­work of 57 branches and eight rep­re­sen­ta­tive of­fices across and 148 ATMs spread across the sul­tanate. OAB pro­vides the com­plete range of fi­nan­cial prod­ucts and ser­vices for per­sonal bank­ing and cor­po­rate and in­vest­ment clients.

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