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Pe­tro­leum De­vel­op­ment Oman (PDO) or­gan­ised the first Au­di­tors’ Day event in Oman, bring­ing to­gether gov­er­nance and as­sur­ance ex­perts from across the Sul­tanate. Around 60 in­ter­nal au­dit man­agers and spe­cial­ists from both the pub­lic and the pri­vate sec­tors at­tended the event at PDO’s Learn­ing and De­vel­op­ment Cen­tre.

The ob­jec­tive was to es­tab­lish a na­tional au­dit­ing plat­form to fa­cil­i­tate cross learn­ing, best prac­tice shar­ing, and en­cour­age more networking in the au­dit­ing com­mu­nity. PDO Man­ag­ing Di­rec­tor Raoul Res­tucci said: “Au­di­tors can bring huge strate­gic value and in­de­pen­dent over­sight to any or­gan­i­sa­tion or busi­ness to en­sure things are be­ing done in the right way, to iden­tify and proac­tively mit­i­gate risks, and to dis­sem­i­nate learn­ing and share best prac­tice.

“PDO sees au­di­tors as valu­able part­ners who de­liver ef­fi­cient, sus­tain­able, and vi­able so­lu­tions to busi­ness chal­lenges in a rapidly chang­ing world and help us to man­age our con­trols and sys­tems that we op­er­ate ef­fec­tively at cor­po­rate and func­tional level. “This event will help drive gov­er­nance stan­dards to the next level, both in PDO and across Oman.”

The event fea­tured speak­ers from a range of or­gan­i­sa­tions, in­clud­ing the State Au­dit In­sti­tu­tion (SAI), the In­sti­tute of In­ter­nal Au­di­tors (IIA) Ernst and Young (EY), Price­wa­ter­house­Coop­ers (PwC), and Shell, as well as PDO. Ar­eas cov­ered the strate­gic value of in­ter­nal au­dit­ing, its role in the rapidly evolv­ing cy­ber se­cu­rity land­scape, Omani law, con­flicts of in­ter­est, and in­ter­nal au­dit­ing data an­a­lyt­ics and “con­duct-risk” meth­ods. There were also networking op­por­tu­ni­ties and a panel dis­cus­sion at the end. PDO In­ter­nal Au­dit Man­ager Fathiya Al Farsi said: “We hope this event will es­tab­lish the seed for a more ef­fec­tive au­dit­ing cul­ture and com­mu­nity in Oman. Such a na­tional plat­form will help boost Oman­i­sa­tion in the pro­fes­sion, in ad­di­tion to boost­ing stan­dard­i­s­a­tion of au­dits on many fronts.”

The event will be­come a reg­u­lar fix­ture and Oman LNG has agreed to host the event next year.

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