Mr. Abdullah Al-Harbi, Head of Risk Services Sector at HCPA, participated in the 4th Annual Internal Audit Forum organized by the General Audit Bureau. The forum was titled “Challenges of Internal Audit in the Public Sector in the Era of Transition to Accrual Basis” and took place in Riyadh on May 17, 2023.
In his presentation, Mr. Abdullah Al-Harbi discussed several challenges facing internal audit in the public sector. He emphasized the importance of the audit committee’s connection to top management and its impact on supporting independence and ensuring effectiveness, which in turn strengthens internal control and enhances financial and accounting systems and procedures.
Mr. Abdullah Al-Harbi stressed the need for diverse expertise and specializations in internal audit departments, along with continuous development of competencies and skills required for effective internal auditing in the public sector. This is crucial for improving efficiency and achieving better results.
Mr. Abdullah Al-Harbi’s participation in the 4th Annual Internal Audit Forum serves as a model of active interaction and constructive contribution to the development of the field of internal audit in the Kingdom. This participation represents an important step towards enhancing collaboration and knowledge exchange among experts and specialists in this field.