UAE Internal Auditors Association invites firms to take part in global award

Also announces winning rights to host International Conference of Auditors in Dubai

The UAE Internal Auditors Association (UAE-IAA) has announced the launch of global best practice award, inviting governments and private entities to submit applications.

The ‘Global Best Practice in Internal Audit Award’ is aimed at acknowledging internal audit departments of the local and regional entities that go extra mile to implement practices and standards to ensure effective and efficient performances when compared to other organisations.

The award is open for local, regional and foreign multinationals, government entities and small and medium enterprises.

Categorised into three categories Governance & Risk Controls, IT & Cybercrime and Fraud, the final date for the submission is October 22, 2015 and the winners will be announced on December 6-7 in Dubai at a forum organised by the Association. Read More

Members of the UAE Internal Auditors Association are going to arrange roadshows in UAE and other neighbouring countries for creating awareness about the best practices of internal audits. This will definitely prove helpful for people to select a best internal auditing firm for their growing businesses.

UAE accountants among highest paid in GCC

Certified professionals earn 50% more in salary than those without accreditation

Dubai:  If you work in the field of accountancy in the UAE and have the right qualifications, the financial rewards can be great.

Accounting professionals in the UAE who have a certification from a professional body are among the highest paid in the Middle East region, with annual salary levels averaging at $61,768 (Dh226,846) or roughly Dh18,900 a month, according to a new survey conducted by the Institute of Management Accountants (IMA).

The average annual total compensation for these finance professionals is even higher, at $72,082 (Dh264,724) or a little over Dh22,000 per month. IMA is an organization with more than 70,000 members that provides the Certified Management Accountant (CMA) certification. Read more 

According to a survey which also conducts 1033 members of IMA has declared that UAE ranks 2^nd in the area in terms of remuneration levels, after Qatar. Hanady Khalife, IMA director of operations for the Middle East and Africa region have belief that accountants with most attractive pay has brings a revolution for the accounting industry in UAE.