Professional services firm, KPMG Fakhro, will bring together internal audit leaders from Bahrain’s business community to discuss emerging trends in internal audit on 25 October 2016.
The event aims to help attendees understand how they can turn insights, challenges and opportunities into value-added advantages in the current economic landscape by going beyond data, and how recent developments in internal audit practices can support this. The session will also help attendees to evaluate their individual and organization’s risk taking propensity.
Jeyapriya Partiban, Head of Risk Consulting at KPMG in Bahrain says – “Added value is frequently mentioned in business arenas, but is often discussed in abstract. It seems to be the common denominator of desired outcomes in many discussions however, it rarely results in measurable impact. At the event, we are inviting prominent figures from the Kingdom’s internal audit community to engage with experts from KPMG to bring the concept of added value to life.”
The event includes an interactive session to discuss the results of two surveys conducted by KPMG – a global study on how data and analytics can enhance the internal audit value proposition, and insights gathered from Bahrain-based internal auditors on how to evaluate their functions and effectively employ data and analytics in their operations.
This will be followed by a panel discussion and a talk on complex risks, increasing regulatory scrutiny and continuing cost pressures – emphasizing the need to move away from traditional risk management. This working session will enable attendees to approach risk head-on and provide insight on how to approach and evaluate individual and organizational risk taking, set risk mitigation objectives and reset risk-based decision-making processes.
The sessions will be led by two internal audit experts from KPMG – Granville Smith and Thomas Gouws. Granville is Internal Audit managing partner and specialist in higher education, financial services and consumer markets. Thomas is partner for Internal Audit Risk and Compliances Services who leads KPMG’s enterprise risk management, governance risk compliance and data analytics-enabled internal audit networks.
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.