Latest news with #GeneralCourtofAudit
Leaders
2 days ago
- Business
- Leaders
General Court of Audit Participates in INTOSAI Professional Standards Committee Meeting
The General Court of Audit (GCA), represented by Vice President of Financial Audit and Compliance, Lama Alhammadi, took part in the 27th Steering Meeting of the Professional Standards Committee of the International Organization of Supreme Audit Institutions (INTOSAI). The meeting was held in the Grand Duchy of Luxembourg and brought together senior representatives from numerous supreme audit institutions and international organizations. INTOSAI Among the participants were officials from the Organisation for Economic Co-operation and Development (OECD), the World Bank, and the International Federation of Accountants (IFAC). The meeting included a series of discussion panels aimed at shaping the committee's 2026–2028 work plan. Topics covered included the implementation challenges of international standards for supreme audit institutions, the integration of artificial intelligence and emerging technologies in audit processes, and leading practices in sustainability reporting. Additionally, participants also reviewed INTOSAI's strategic development plan, emphasizing its significance in improving the quality of public sector auditing globally. GCA In her remarks, Alhammadi emphasized the GCA's initiatives to enhance professional capabilities among its auditors, ensuring that their work adheres to international best practices and advanced methodologies. Moreover, these initiatives are aligned with INTOSAI's Framework of Professional Pronouncements and the standards established by the International Auditing and Assurance Standards Board (IAASB). Finally, the GCA's involvement in the meeting underscores its dedication to contributing to global knowledge exchange and reinforcing its role within international and regional audit organizations. Related stories: Digital Saudi Arabia Showcases Kingdom's Transformation at IGF 2024 Hajj Guide: Day of Arafat Hajj 2025: Saudi Crown Prince Lauds Success in Pilgrims Service Saudi Crown Prince Arrives in Mina to Oversee Hajj Services Short link : Post Views: 15 Related Stories
Yahoo
13-05-2025
- Business
- Yahoo
Saudi's GCA hosts sixth Internal Audit Forum
The General Court of Audit (GCA) in Saudi Arabia has hosted its sixth Internal Audit Forum at its headquarters in Riyadh. The programme conducted on 11 May 2025, in alignment with International Internal Audit Awareness Month drew over 550 leaders and specialists, the Saudi Press Agency (SPA) reported. A central feature of the forum was the launch of the 'Internal Assistant,' an AI-powered tool designed to provide immediate, accurate responses for internal auditing queries. Developed in line with the International Standards for the Professional Practice of Internal Auditing from the Institute of Internal Auditors (IIA) and the Unified Regulations for Internal Audit Units in Government Entities and Public Institutions, the tool is tailored for public sector auditors to boost efficiency and performance. GCA Internal Audit supervisor general Dr Seita Almandeel stressed the strategic role of internal auditors as advisors and decision-making partners. She emphasised the need for ongoing education and professional development, highlighting GCA's initiatives such as the 'Knowledge Community for Internal Auditors'. In a LinkedIn post, Institute of Internal Auditors president and CEO Anthony Pugliese said: 'I was grateful for the opportunity to share insights on the future of our profession and to engage with inspiring internal audit leaders from across the Kingdom. In a keynote at the event, he spoke about the integration of modern technologies such as AI in internal auditing. Pugliese also highlighted 'a global shift towards expanding the advisory role of auditors', with industry leaders intending to allocate 'up to 40% of audit plans to consulting activities within the next decade'. The forum also included panel discussions on accrual accounting and IT general regulations, an exhibition, and interactive workshops. The GCA's forum sought to enhance internal audit practices in government organisations, especially during the shift to accrual accounting, while promoting professional expertise and tackling current challenges and opportunities in the field. "Saudi's GCA hosts sixth Internal Audit Forum" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Ammon
17-02-2025
- Business
- Ammon
PM stresses importance of sustaining coordination between Jordan, Saudi Arabia
Ammon News - Jordan, Saudi Arabia Discuss Oversight Cooperation Amman, Feb. 17 (Petra) - Prime Minister Jafar Hassan on Monday met with the President of Saudi Arabia's General Court of Audit (GCA), Hussam Alanqari, to discuss prospects for bilateral cooperation, particularly in the field of oversight and auditing. During the meeting, attended by Audit Bureau President Radi Hamadin, Hassan emphasized the importance of exchanging expertise, sustaining coordination, and enhancing capacity building to support the work of oversight institutions in both countries. Alanqari commended Jordanian expertise and human resources, highlighting their high capabilities and expressing Saudi Arabia's interest in benefiting from them within the framework of the strong ties between the two nations.
