BIBF and BIAA to Hone Internal Auditors Skillset

Monday, June 14, 2021

The Bahrain Institute of Banking and Finance (BIBF) has signed a Memorandum of Understanding (MOU) with the Bahrain Internal Auditors Association (BIAA), to advance and the skillset of internal auditors and develop the Audit profession in Bahrain.

The MoU was signed by the BIBF Director Dr. Ahmed Al-Shaikh, and the BIAA President Dr. Ahmed Al-Balooshi in a virtual signing ceremony. The signing was also attended by the BIBF Head of Banking & Finance Centre, Ms. Zeeba Askar, and BIAA Vice President Mr. Arvind Benani.

The training agreement provides for exploring training and development opportunities for internal auditors in the public and private sector of Bahrain. This includes capacity building workshops, resource sharing, events, sponsorships, seminars, and other activities.

On this occasion, the BIBF Director, Dr. Ahmed Al-Shaikh stated, “We are pleased to collaborate with BIAA – the national voice of the Internal Auditing profession – to enhance the competency of internal auditors and keep them abreast with the latest methodologies and approaches according to quality and excellence standards.”

He also added, “We are confident that the partnership will contribute immensely to the advancement of the Internal Audit profession in Bahrain.”

On his part, President of BIAA, Dr. Ahmed Al-Balooshi stated, “We are proud to sign this training agreement with the BIBF which will help passing on the knowledge, experience of International Professional Practice Framework (IPPF) issued by the Institute of Internal Auditors (IIA), and practical insights that BIAA board and members accumulates, especially in the era of advanced technology, to those who has chosen Internal Audit as a profession at highest levels of standards.

We are confident that our collaboration with the BIBF – which is the Region’s leading provider of training and development – will form an era of advancement to the Internal Audit profession in the Kingdom of Bahrain and will help achieving the BIAA goals and objectives.” Dr. Ahmed concluded.