RTA briefs Ministry of Finance delegation on Internal Audit technologies

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Source:  www.rta.ae

The Department of Internal Audit, Roads & Transport Authority (RTA), has recently briefed a visiting delegation from the Ministry of Finance on the practices adopted by the Department in using hi-tech applications in the automation of internal audit processes & activities, and how to improve them with the aim of sharing expertise and uplifting the business practices to bring them in line with the highest global standards.

To this effect a meeting was held in RTA Head Office and attended by officials from both parties.

Abdulla Al Jawi, Director of RTA Internal Audit, said: “The mutual visits between entities concerned with auditing processes have immense bearing on sharing information and practices with a view to achieving the best deliverables possible, particularly considering the continual changes in place aimed at adding a touch of excellence & creativity to the thoughts and concepts capable of driving the development process.”

“The Internal Audit Dep’t has adopted an approach oriented towards the sustained development through applying & using sophisticated technologies in the field of internal audit; which contributed to enhancement of the corporate governance, featuring the submission of reports about the key results of testing processes, which include recommendations to support various departments realize their core operational objectives as well as realizing the strategic objectives of the RTA,” explained Al Jawi.

During the visit, a visual presentation was made to spotlight the vision and mission of the RTA along with its strategic goals under which endeavours are made to undertake meaningful initiatives and activities customized to reach out to others in an optimal manner. Emphasis has also been to the best practices adopted by the Internal Audit Dep’t in terms of technological applications capable of contributing to the automation of various processes.

The presentation also touched on the needs and characteristics of applying the electronic audit system through screening the model adopted by the Dep’t in terms of utilizing various components of the system in assessing risks, preparing the annual risk-oriented plan, undertaking & overseeing audit tasks, managing records and compiling reports.

Towards the end of the meeting, the two parties engaged in an open discussion where inquiries were made and views were exchanged about the improvement of the business practice. The visiting delegation of the Ministry of Finance commended the visit which reflected the cooperative spirit and the keenness of various UAE entities to share expertise in a bid to enhance their business processes. More info