{"id":17657,"date":"2020-12-13T11:24:00","date_gmt":"2020-12-13T08:24:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=17657"},"modified":"2026-03-27T19:58:02","modified_gmt":"2026-03-27T16:58:02","slug":"ajman-bank-wins-the-best-professional-practices-for-internal-audit-award-at-the-9th-international-conference-of-audit","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/ajman-bank-wins-the-best-professional-practices-for-internal-audit-award-at-the-9th-international-conference-of-audit\/","title":{"rendered":"Ajman Bank wins the Best Professional Practices for Internal Audit Award at the 9th International Conference of Audit"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/saudishopper.com.sa\/ar\/?p=33870\" target=\"_blank\" rel=\"noreferrer noopener\">\u0639\u0631\u0628\u064a<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Ajman Bank has been declared the winner of the Best Professional Practice Award in the private sector&#8217;s internal audit category (Fraud Category). The announcement was made at the 9th International Conference of Chief Audit Executives held this week under the kind patronage of His Excellency Abdullah bin Touq al-Marri, Minister of Economy of the UAE, and organized by the Institute of Internal Auditors. Ajman Bank bagged the coveted award in a closely contested competition pitched against other banks and institutions in the UAE.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Making the announcement, Mr. Mohamed Amiri,\u00a0Chief Executive Officer, Ajman Bank, said, \u201cWe greatly value the recognition of our efforts to excel in the Governance space through a strategic audit framework. We are proud to win this honor that is yet another addition to our accomplishments and reflects our commitment to comply with internal auditing&#8217;s highest global standards. It contributes to strengthening the trust of our associates and customers while keeping pace with stakeholder expectations through risk management in a continuously evolving business environment.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Magdi Darwish, Chief Audit Executive at Ajman Bank, stated, \u201cThis award is testament to the fact that our professional practice was well received and liked by the jury through coordination, continuous interaction, and complete harmony between the three lines of defense of the bank. The adoption of an effective methodology contributed to minimize risk and spread awareness within the bank while building a culture of proactive identification of embezzlement and fraud indicators.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Darwish further commented, \u201cWinning this international award was not an easy task. It was a result of adopting the Internal Audit Department of the international audit standards. It was crucial to combine the modern risk-based audits and best professional practices with a clear vision and strategy. This facilitated strategic partnership with the bank\u2019s executive management that, in turn, contributed to the strengthening of the control environment and corporate governance within the bank.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He also pointed out that an independent panel made the selection of the winner of expert juries specialized in Internal Audit, who assessed during the conference all the presented professional practices provided by various banks and institutions and evaluated each practice before choosing the winner according to criteria predetermined by them. Mr. Darwish stressed, \u201cIt emphasizes with no doubt about the value and importance and professionalism of the internal audit department of Ajman Bank and the trust of officials with audit staff in addition to the continuous and unlimited support for internal audit by the Board of Directors of the Bank and the Executive Management.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ajman Bank has been declared the winner of the Best Professional Practice Award in the private sector&#8217;s internal audit category (Fraud Category). The announcement was made at the 9th International Conference of Chief Audit Executives held this week under the kind patronage of His Excellency Abdullah bin Touq al-Marri, Minister of Economy of the UAE, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"1","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-17657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 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