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 14231 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
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [6999-Views]
Olay Eyes Hydra Gel [5826-Views]
Maillon De Cartier Watch [4317-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [4264-Views]
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more than ever, S... [4260-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [4260-Views]
Eid Gifts From The Body Shop [4170-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Envi... [3993-Views]
Happy Eid with Parmigiani Fleurier Toric Fleur [3801-Views]
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign [3735-Views]
Your at-Home Spa Guide With Skin Republic [3719-Views]
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advanced Image ... [3428-Views]
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the Community [3341-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [2972-Views]
Dubai Customs: Strategic Plan to Curb Corona [2899-Views]
Etihad Guest Rewards Members While Staying Home [2698-Views]
Denim Culture [2644-Views]
Etihad Holidays to Be Operated by Dnata Travel Group In the UK [2456-Views]
Mohap Hails Family Doctors' Efforts in Countering Covid-19 Crisis [2427-Views]
Pure Health Launches Covid-19 Field Laboratory at Sharjah Expo Centre [2374-Views]
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate [2341-Views]
Lenovo's Tech Gift Guide [2321-Views]
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land Rover's Sol... [2247-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [2177-Views]
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfeld” Game [2157-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories