Ben Toq: Improving audits boosts UAE economy
The Internal Audit Executive Summit held in Abu Dhabi, which brought together 820 audit leaders from 25 countries, focused on developing the national audit system to enhance the competitiveness of the UAE economy. Minister of Economy Abdullah bin Touq emphasized that the UAE is working on updating the legislative and regulatory framework for the accounting and auditing profession, including the issuance of a new law and strengthening oversight through the use of AI technologies. The goal is to improve the quality of professional practices and increase the number of practitioners to 1,500 within five years. The summit also highlighted the importance of integrating AI governance into internal auditing to ensure the safety of automated decisions and achieve transparency, with an emphasis on developing leadership talent and launching programs to promote certified leadership in the field of auditing.
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