Ominvest holds internal audit forum for group companies

Ominvest holds internal audit forum for group companies

Muscat: OMINVEST Group recently held its Internal Audit Forum, as part of its participation in the “Internal Audit Awareness Month” and to provide an opportunity for the internal audit teams in the group to better understand business risks and help develop their skillset to perform more effectively as trusted advisors of the organisation.

The forum, held during the Internal Audit Awareness Month, was attended by Audit Committee Chairmen, CEOs and audit team members at OMINVEST and its Group companies including Ubhar Capital, National Life & General Insurance Company, National Finance Company, Oman Arab Bank, Alizz Bank, and Takaful.

The forum’s discussion focused on further enhancing the role of internal audit within organisations as agents of change. The forum provided internal auditors with the opportunity to interact with key stakeholders across the group and to participate in roundtable discussions with executive management.

The engagement sessions helped senior management teams to be more acquainted with how risk assessment is conducted and enabled internal auditors to better understand business environment and decision-making approaches. The forum also focused on OMINVEST’s Environmental, Social and Governance (ESG) initiatives in relation to internal audit, and on how its core values of collaboration, excellence and integrity are instrumental in driving overall