Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
UAE-IAA Hospitality Subgroup organized a seminar to increase competency of audit professionals in local Hospitality Industry

The Hospitality Subgroup event encourages knowledge sharing of information and best practice awareness among members of the internal audit industry across the UAE.     

Dubai, UAE, August 30, 2016:  UAE-IAA Hospitality Subgroup organized a seminar on Thursday, 25th August 2016 at Abu Dhabi National Exhibitions Center. The seminar, led and attended by seasoned professionals, was an ideal platform to exchange best practice and discuss practical matters pertaining to the role of internal audit in the hospitality industry. The event was led by the UAE-IAA Hospitality Subgroup Chairman , Mr. Aldrin Sequeira, who is currently the Chief Internal Audit Officer for the Jumeirah Group. 

In line with its mission to provide dynamic leadership to advocate and promote the profession of internal auditing throughout the UAE, the UAE-IAA offers training, workshops and seminars with the objective of promoting the internal audit profession within the business community across the nation. Through the Subgroup event, the UAE-IAA aims at developing high-performing hospitality internal audit professionals, and being regionally recognized as the hospitality industry leadership group, adding value to internal auditors and business advisory practitioners in the sector.

With the hospitality industry soaring high in the region, the Internal Audit profession can extensively support the growth, and it becomes increasingly essential for hospitality groups to invest in quality internal auditors that derive significant business value, improve effectiveness and efficiency of processes and conform to The IIA’s International Standards for the Professional Practice of Internal Auditing.

Mr. Ahmed Refaat, Associate Director, Protiviti-Abu Dhabi, presented lessons learned from auditing the hospitality expenditure business cycle and discussed practical observations and key controls over purchasing, inventory, cost control and risk management.

Mr. Abdulqader Obaid Ali, UAE-IAA President said “I am delighted with the effort taken up by UAE-IAA Hospitality Subgroup to organize this seminar with the intention of enhancing the competency of audit professionals within the hospitality sector  in the UAE, in terms of providing valuable knowledge, tools and techniques to implement new and effective internal auditing methods, the seminar was an ideal platform to exchange best practice and discuss practical matters pertaining to the role of internal audit in the hospitality industry, in line with our aims at developing high-performing hospitality internal audit professionals, and being regionally recognized as the hospitality industry leadership group, in addition, we are looking forward to raising the level of awareness among internal auditors in the region, and to highlight its impact on performance through such seminars in future.”

Mr. Aldrin Sequeira, Chairman of the Hospitality subgroup said “The practical observations and controls over the expenditure business cycle is a good refresher and beneficial for the hospitality internal auditors. We are grateful to Protiviti and ADNEC for sponsoring this event and the successful attendance.” 

Mr. Ahmed Refaat, Associate Director said “We have witnessed exponential growth in recent years for the hospitality industry in the UAE, with significant contribution to the region’s economy, both in terms of revenues and employment. In fact, UAE has emerged amongst the top five markets for hotel openings in recent times.”  However, he further added “This has brought its own set of challenges and risks for the industry, such as - delivering high levels of customer service, inventory and revenue management, use of digital platforms for brand marketing, centralized purchasing and managing F&B operations to name a few.”  According to Mr Refaat, “the role of Internal Auditors is set to become more critical in these areas for driving efficiencies, as experienced by Protiviti while assisting several hospitality companies. It will require constant reskilling and IAA UAE is playing an important role by hosting such events that lead to sharing of best practices amongst professionals from the industry.”

 

Posted by : SAKSHI ADVERTISING & PR, -
Viewed 14610 times
PR Category : Real Estate & Retail
Posted on : Tuesday, August 30, 2016  2:43:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Sakshi Advertising and PR

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Pandora ME for Every Side of You [5646-Views]
Your Guide to Choosing the Right Face Mask [4211-Views]
10 Million Plastic Packaging Saved: Grohe Launches Initiative to Reduce Plastic [3350-Views]
Meet the #Sephorasquad Middle East Members! [2977-Views]
Karl Lagerfeld Announces Collaboration With Designer Kenneth Ize [2657-Views]
Taste the Summer With Wild & the Moon's Latest Menu Drop! [2538-Views]
Discover the Perfect Gift This Eid Al Adha From Rasasi Perfumes [2517-Views]
Nahdi Medical Company Transforms its Financial Management with Infor [2464-Views]
Dubai Well Poised for Growth in New Business Entities' [2321-Views]
70 Percent of Businesses Increase or Maintain Digital Transformation Spend Amid Pandemic, ... [2296-Views]
Kia Launches ‘Live Stream Showroom' to Offer Customers an Innovative Digital Experience [2255-Views]
Toric Tourbillon Slate'' [2247-Views]
IMG Worlds is Back This Friday Park Entry Price at AED 20 Only [2243-Views]
Amp Up Your Beauty Routine With New Products From Missha Cosmetics [2218-Views]
Alstom at Forefront of Hygiene & Safety Innovation for Transport & Mobility in a COVID-19 ... [2185-Views]
UAE Ranks in Top 10 on Kpmg's 2020 Global Autonomous Vehicles Readiness Index, for Third C... [2181-Views]
Comprehensive Study of Refugee Children's Academic, Social, and Emotional Learning Outcome... [2173-Views]
Celebrate Eid with Steve Madden [2050-Views]
Three UAE Students Bag Coveted Princess Diana Award for Outstanding Social Initiative [2046-Views]
17-Year Old Smashed a Guinness World Records Title in His Bedroom [2029-Views]
Dubai Sports World Marks Official Opening at Dubai World Trade Centre [2013-Views]
Dubai Startup Hub and Dtec Announce Winners of Emirati Development Programme [1993-Views]
Dubai Culture Wins Excellence Award From Arab Federation for Libraries and Information [1968-Views]
Champion Cleaners Launch New Home and Office Sanitization Service [1919-Views]
Al Habtoor Motors Launches Summer Surprises Stock clearance on Mitsubishi SUVs 2019 Model... [1911-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories