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Vendor Name : IQN
Exam Code : QIA
Exam Name : Qualified Internal Auditor
Questions and Answers : 80 Q & A
Updated On : November 14, 2018
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IQN QIA Exam (Qualified Internal Auditor) Detailed Information

Why study QIA?
Qualified Internal Auditor (QIA) qualification is based on the internal audit standards developed by International Qualifications Network (IQN).
QIA standards introduce the principles and applications of internal audit engagements.
QIA designation is regarded as a key benchmark in internal audit profession and is recognised in Scottish Credit & Qualifications Framework (SCQF). The qualification is awarded by IQN and credit rated by Edinburgh Napier University, UK.
Top reasons to join
Top reasons to join QIA
Use post-nominal letters ‘QIA’ after your name!
Demonstrate your understanding of internal auditing standards.
QIA is recognised through Scottish Credit & Qualifications Framework (SCQF).
QIA is SCQF credit rated by Edinburgh Napier University, UK.
QIA is benchmarked against European Qualifications Framework (EQF)
QIA is externally assessed through Pearson VUE.
QIA is awarded by International Qualifications Network (IQN).
Duration n Prep_QIA
Duration & Preparation
Total time to complete the QIA qualification will depend on your background and willingness. Exam can be taken any time of the year.
Our course book is sufficient to ensure exam success as we do not set any MCQ outside the content of the course book. Our practice questions are important to assess your own progress and preparation.
You can choose either to study independently or take tuition support from one of our registered training centres.
ow to complete QIA?
Step 1: Registration
Click here to complete free online registration..
Step 2: Study
If we’ve a training centre in your location, you will have to study with the centre.
If we don’t have a training centre in your location, you can study independently.
Step 3: Exam
Once your preparation is complete, you can take IQN exams any time of the year. IQN exams are available in 175 countries through Pearson VUE Test Centres.
Exam and Fees
There is only one exam to qualify for the QIA qualification. There will be total 40 MCQs. Each MCQ will carry 2.5 marks and total marks is 100. Duration of the exam is 60 minutes. You will need to get minimum 60% marks to pass the exam.
Our exam fee is £129 and payable through Pearson VUE web account. Exam fees become due only when you decide to take the exam. If you fail in your first exam, you can resit by paying only £49.
All IQN qualifications are centre based qualification. You are required to study with our Registered Training Centre. You will need to pay for the classes delivered by your training centre. Tuition fees are in addition to our Pearson VUE exam fees.

QIA Questions and Answers

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QIA Qualified Internal Auditor

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QIA exam Dumps Source : Qualified Internal Auditor

Test Code : QIA
Test Name : Qualified Internal Auditor
Vendor Name : IQN
Q&A : 80 Real Questions

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IQN IQN Qualified Internal Auditor

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again at midnight ages — earlier than final summer season — KeyBank country employed brief laborers the historical-fashioned manner, which is to say inefficiently and expensively. If IT managers, for example, essential programmers or web developers for a three-month mission, they’d customarily e-mail requests to a couple of favorite suppliers. Then they’d wait a few weeks for responses to trickle in. Then they’d choose a supplier — now not necessarily the one with the bottom quote, or some of the financial institution’s officially preferred providers — and begin the purchase order on its prolonged internal experience. “We had a lot of handoffs,” acknowledges Debbie Manos, senior vp and chief sourcing officer at the Cleveland-primarily based bank, which has about 900 department locations in a dozen states.

at last the workers would reveal up, but the business became confined in its capability to investigate them; it didn’t know, for example, how many qualified workers each seller made accessible, or how smartly those laborers performed. So the next time managers went hunting for programmers or builders, they’d beginning from scratch. due to the fact the bank could have as many as 1,500 IT contract employees on personnel at anybody time, the “device” was certainly costing precious time and money.

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  • groups in all sectors approach the hiring of temporary worker's, be they IT contractors, administrative help, additional accounting personnel, or some other variety of worker, in plenty the same way. Most agencies, truly, spend more on such capabilities than they do on complicated items — as much as 70 % of a total procurement price range with the aid of some estimates.

    several years ago, “services E-procurement” got here on the scene, offering groups a method now not most effective to automate the hiring of temps however also to purchase shuttle, printing, upkeep, prison, and different features by way of the internet. up to now, youngsters, it has proven most common in taking one of the crucial labor out of hiring labor. At KeyBank, managers now log onto the business’s features-procurement equipment, Ariba team of workers, and specify what they need (as an example, “internet developers, high talent, three-month venture, Cleveland enviornment”). The gadget automatically routes the request to the bank’s favourite suppliers, which have three days to reply with candidates. The managers make their decisions, and since they are hiring simplest from preapproved carriers (the request is first sent to an inventory of 10 suppliers; if a manager wants greater bids, he or she can prolong the query to a 2d tier), the system automatically generates a purchase order for the transaction and a everlasting record for the worker.

    “It takes the entire subjectivity out of the system,” says Manos, whose enterprise makes use of similar applications for purchasing substances and managing commute costs. “and six months from now, if [a project manager] has the same variety of need, he can search for people he’s used in the past, or that different project managers have used.” more than eleven,000 KeyBank personnel now use the gadget, generating massive discount rates with the aid of getting competitive bids from just a few favourite suppliers. Manos expects KeyBank to recoup its expenses inside 18 months.

    Straight from the Sourcing

    whereas KeyBank ranks among the many pioneers in capabilities E-procurement, its event is rarely exciting. After two years of downsizing and belt-tightening, organizations of all sizes are actually hunting for novel methods to reduce expenses. For that cause, they’re taking a tough analyze just how lots they spend on capabilities — and the way little handle they bring to it. The area is of particular pastime to CFOs and finance departments, says analyst Christa Degnan of Aberdeen group Inc., because “groups understand there’s some fats they could trim in services, however they’ve lacked visibility and control during this enviornment.”

    counting on the business, analysts say, capabilities can account for 30 to 70 percent of all corporate spending. however as a result of there’s commonly no centralized system for buying, monitoring, and accounting for features, CFOs might also have most effective the haziest picture of the full can charge. in the Forrester research/Elance Inc. December 2002 “CFO Omnibus file,” half of the 152 finance executives surveyed admitted they didn’t understand their companies’ ratios of goods and services spending.

    on the identical time, these CFOs effectively identified the need for alternate. They estimated that streamlining procurement practices may reduce capabilities spending by means of an average of essentially 10 %. (That’s not precisely small change: at the common global 2,000 enterprise, says Forrester, that translates into annual savings of practically $95 million.) now not surprisingly, more than half the CFOs known as finding new lessen-charge sourcing options a right priority for this 12 months.

    in the meantime, expertise for doing simply that ultimately appears ready for prime time. genuine, the normal B2B graphic hasn’t mushroomed into the $6.3 trillion panorama of analysts’ late-1990s forecasts, however one class — methods for purchasing transient and contract people — is certainly catching on. E-procurement can cut back capabilities spending by centralizing and automating hiring, steerage buyers to preferred vendors, cutting paperwork, decreasing accounting blunders, and rushing up fee to get rid of late charges.

    lower than two years ago, main E-procurement vendors typically boasted simply three or 4 pioneering company valued clientele. when you consider that then, with early adopters reporting mark downs of 10 to 30 p.c, they’ve doubled or tripled their consumer lists. in a single case, Denver-based mostly IQNavigator Inc. bagged 10 new Fortune 100 businesses in less than 12 months; the four-yr-ancient vendor’s trophies include international Paper Co. and Northrop Grumman Corp. Aberdeen’s Degnan sums it up this fashion: “2002 became the 12 months that groups noted, ‘These options make feel. They’re going to shop money. Let’s are trying one.’ “

    but that doesn’t mean the industry stabilized in 2002. Some companies vanished; others merged or ended the yr poised for acquisition by using greater competitors. a number of staffing businesses that had begun to advance their personal procurement application pulled back, opting as an alternative to accomplice with the same application businesses they’d originally considered rivals. for example, more than a dozen staffing organizations inked deals with CascadeWorks Inc. remaining yr; they now use the San Francisco-primarily based dealer’s expertise to deliver their services.

    meanwhile, market leaders started beefing up their platforms’ facets. CascadeWorks’s clarity four (which also powers Ariba group of workers) can now handle contracts involving complex combos of time-, undertaking-, and charge-primarily based services, and consumers can now choose both a hosted internet-primarily based mannequin or an authorized application product. PeopleSoft features Procurement interprets assistance into eight languages, procedures transactions in a whole lot of currencies, and might be localized to be used international.

    The cost tag for services E-procurement presently makes it prohibitive for most companies backyard the world 2,000. delivery-up charges latitude from $250,000 to upward of $2 million, reckoning on company measurement, quantity and complexity of transactions, elements chosen, and whether the device is web-based or licensed and run internally at customer sites. but for corporations that mechanically spend tens or tons of of tens of millions of greenbacks yearly on contract aid, even a 2 or three p.c discount provides as much as a quick, candy ROI.

    A call for cohesion

    sprint Corp., in Westwood, Kansas, hopes for just that sort of payback when it rolls out PeopleSoft’s features Procurement in August. Ted McBride, the telecom tremendous’s supervisor of E-commerce options, received’t say what the enterprise paid for the product, which it is going to initially use for hiring IT contractors and later extend to encompass engineering and administration. Like KeyBank, notwithstanding, sprint expects to recoup its fees within a 12 months.

    beyond the rate reductions in labor, McBride cites an equally important aim for dash’s investment: tying collectively a hodgepodge of techniques and approaches, a part of a companywide crusade to create “one dash” from a couple of traditionally distinct divisions. currently, he says, some managers rent contractors via certainly one of three programs, “none of which seek advice from each different.” Others use email, faxes, or mobilephone calls, retaining information on Excel spreadsheets. dash already uses PeopleSoft items for finance, stock, procuring, accounts payable, and purchasing items; that, McBride says, should still make it less complicated to combine features E-procurement into each the business’s latest techniques and its subculture. KeyBank opted for know-how from Ariba for plenty the identical cause: “There turned into already heightened focus around the business that Ariba is the manner you acquire issues,” says KeyBank’s Manos. “It was effortless so as to add functions onto that.” How handy? practising for Ariba staff’s eleven,000 users took under one hour.

    each dash’s and KeyBank’s decisions mirror a prevailing perspective on the a part of many shoppers: deciding on know-how from well-known and established suppliers because of fears that smaller application agencies gained’t continue to exist a shakeout. Some companies have gained traction via partnerships that helped them be part of deals they could no longer were able to win on their personal. CascadeWorks licensed its expertise to Ariba, making the most of the larger enterprise’s existing relationship with KeyBank. IQNavigator teamed with human- supplies outsourcing tremendous Exult Inc. to land international Paper’s services-procurement enterprise. Warns Andrew Bartels, vp and analysis leader at Giga suggestions group Inc. in Cambridge, Massachusetts: “we now have loads of carriers who've pioneered this factor — and not all of them are going to make it.”

    identifying a neatly-established dealer doesn’t guarantee a predicament-free transition. KeyBank’s challenge hit a serious roadblock as a result of one seemingly essential request: the bank wanted users to be capable of entry each Ariba buyer and Ariba personnel with a single log-on. developing that ability has became out to be technically impossible in the intervening time. and many massive organizations may additionally have a longtime brand name, but on the other hand have posted losses and even precipitous declines in revenue throughout the past 12 months. A analyze through consulting firm A.T. Kearney Inc. discovered that procurement programs (of all varieties, now not handiest those concentrated on capabilities) regularly fared neatly in pilots but failed to pay off when commonly applied, as a result of integration considerations and the difficulty in getting employees to deviate from current practices.

    Some surveys indicate, despite the fact, that E-procurement is a green-container probability. at the moment, corporations use it for simply 2 % of their complete purchases, in keeping with a Stanford school survey of 168 corporate consumers. but these same consumers referred to they expected to buy 11 p.c of their purchases electronically by the end of 2004.

    meanwhile, early adopters keep finding methods to flip efficiency into discount rates. Kim Chapman, who oversees contingent-personnel management at Shell Oil products u . s . in Houston, says that by using technology from IQNavigator, his enterprise has streamlined its techniques drastically. “It cuts lots of people out of the technique,” he says. “I get an e mail with [a temporary worker’s] time, i will be able to approve or reject it, and that i can pay the enterprise at once.” So once the gadget turned into launched last December, Chapman all started renegotiating contracts, arguing that in return for these instantaneous payments, suppliers should reduce their fees or present early-fee discounts. Many did. and people that didn’t? “We’ve modified the portfolio of who we do business with,” he says.

    Controlling relationships in addition to expenses: that’s a bottom-line benefit that makers of functions E-procurement utility will little doubt leverage as they try to power their products extra into the market.

    Anne Stuart is a Boston-based freelance writer whose specialties including enterprise, expertise, and law.

    greater than You recognize

    short quiz: approximately what number of your business’s total spending goes for functions? chances are high that for those who add it all up it’s far more than you guessed. based on a survey of 115 colossal groups performed by using the middle for advanced paying for experiences (CAPS) in Tempe, Arizona:

  • companies spend greater on functions than materials. functions spending averaged 33 % of the full corporate spend, compared with 21 % for such indirect items as workplace substances. while direct goods, equivalent to creation uncooked materials, still accounted for the majority, averaging 51 percent, CAPS did discover one business that spent 86 percent of its procurement budget on services. (reports from AMR research Inc., Aberdeen group Inc., and in different places estimate capabilities-linked spending at 30 to 70 p.c, counting on the trade.)
  • Many spend more than essential. Maverick — or off-contract — purchasing is more rampant for functions than it's for direct or oblique items.
  • Some are expecting to preserve spending extra. Twenty-5 % of those surveyed plan to increase features spending with the aid of 10 to 50 percent in the following few years.
  • organizations manage large provider-organisation networks. those surveyed averaged practically 75 lively suppliers per buying employee. That was more than double the variety of carriers per buyer for direct goods and 20 p.c more than for oblique goods.
  • nobody’s in can charge. At taking part businesses, procuring departments tended to control spending for less than just a few of practically forty functions classes starting from accounting to landscaping to waste elimination. deciding to buy often had little or no handle in areas with huge-ticket services expenses, akin to telecommunications, advice expertise, and criminal aid.
  • And Now the unhealthy information

    After years of hype and excessive funding, truth has set in among company E-procurers. in the late Nineties, enterprise after enterprise concept incredible issues would ensue to their backside strains in the event that they started sourcing and purchasing goods and functions on the information superhighway. again then, IT experts expected with glee that “big-bang” E-procurement techniques designed for large corporatewide implementations would shop companies any place from 25 to 60 p.c of prices and produce widespread manner benefits.

    For probably the most part, groups are still anticipating predictions like those to come back genuine. research displays a enormous gap between expectations and actual-life event, ensuing in lots of E-procurement projects being scaled down and spending reduce again.

    “the key component we’ve discovered about E-procurement is that it’s most suitable to take an incremental strategy as opposed to throw every thing at it and hope you’re going to get a swift return,” says Ian Taylor, head of community procurement at Halifax financial institution of Scotland (HBOS), a U.okay. monetary-services enterprise. on the grounds that April 2000, Taylor has been building E-procurement methods for HBOS to help 2,000 users at more than 1,000 websites. “We desired a safe, lower-cost incremental solution,” he says. to date the financial institution has managed to cut personnel time spent on procurement and obtain lessen expenses on certain items, akin to stationery. Now it’s focusing on applications for such bigger-charge gadgets as uniforms; it’s additionally getting into functions E-procurement, certainly for brief group of workers.

    Taylor says it turned into vital that the purposes were developed incrementally. “We have been capable of prove each and every stage internally as we went along and easily adapt things to swimsuit our own wants,” he says. “We also collaborated carefully with our suppliers to make certain that they may take the expertise on board at every step of the way. We haven’t done nirvana when it comes to absolute integration with their systems, but we’ll get there.”

    At Volkswagen, Meike-Uta Hansen, B2B head of paying for, says she “begun with small but valuable projects comparable to definite facets of on-line negotiation.” Two years and an estimated $29 million later, VW has developed an auction web page to assist all operating businesses and all manufacturers, including VW, Audi, Seat, and Skoda. The auction device has saved the company 20 p.c on procurement costs, however Hansen believes there’s more work forward. “we have reduced lead instances, reduce fees, decreased group of workers ranges, and negotiated improved terms, and that’s excellent,” she says. “but every business goes through an incredible studying process. americans must are aware of it is still very early days for sourcing and procurement techniques.” —Paul Tate


    Resolutions on the spectacular accepted assembly of Cision AB (publ) | killexams.com Real Questions and Pass4sure dumps

    STOCKHOLM--(business WIRE)--Regulatory information:

    at the marvelous popular meeting of Cision AB (publ)(STO:CSN) held today, might also, 20 2014 in Stockholm, here resolutions have been adopted.

    · It changed into resolved that the board of directors shall encompass five directors, without a deputy administrators;

    · In gentle of the short duration in time between the brilliant general assembly and the annual frequent assembly 2014, the place a resolution regarding remuneration to the directors of the board should be handed, it become resolved that no remuneration be paid for the interim duration between the shareholders’ conferences. The decision involving remuneration to the administrators of the board shall be handed at the annual popular meeting; and

    · Lawrence C. Fey, Mark M. Anderson, Cedric Bradfer, Peter Lundin and Ronan Carroll were elected as directors of the board for the time until the conclusion of the next annual shareholders’ assembly. Lawrence C. Fey became elected as chairman of the board.

    Lawrence C. Fey (born 1980) is a main of GTCR. ahead of becoming a member of GTCR, Larry labored within the Mergers, Acquisitions and Restructuring/company Finance neighborhood at Morgan Stanley. He holds a BA in economics (cum laude) from Dartmouth school. He currently is a director of CAMP methods, global site visitors community and Mondee. moreover, Larry changed into up to now a director of GTCR investments in Zayo neighborhood and Six3 programs and changed into closely worried in past GTCR investments Cellnet, Solera and Landmark Aviation. stylish in the case of higher shareholders, impartial when it comes to Cision and its management. Shareholding in Cision: 0.

    Mark M. Anderson (born 1975) is a managing director of GTCR. He up to now worked at Gracie Capital and at Bowles Hollowell Conner & Co. He holds an MBA from Harvard company college and a BS from the McIntire faculty of Commerce at the school of Virginia. Mark at present is a director of CAMP techniques, global traffic community, IQNavigator, Mondee, Rural Broadband Investments, Sorenson Communications and Land rent group. furthermore, Mark became in the past a director of GTCR’s previous funding Landmark Aviation and turned into instrumental in other GTCR investments, including Skylight financial, Solera and Transaction community capabilities. based on the subject of bigger shareholders, unbiased when it comes to Cision and its administration. Shareholding in Cision: 0.

    Cedric Bradfer (born 1978) graduated in management and Accounting, focusing on Tax, in Belgium and Luxembourg. He at the moment serves on a number of boards and has held senior positions of a world fiduciary business. impartial when it comes to bigger shareholders, as well as Cision and its management. Shareholding in Cision: 0.

    Peter Lundin (born 1976) holds a master of Arts in Diplomacy and international members of the family (summa cum laude) from Seton corridor college, New Jersey, united states of america and a bachelor of Science in Psychology (magna cum laude) from Montclair State school, New Jersey, us of a. He at the moment serves on a few boards and has been inner auditor of a world fiduciary enterprise. independent in terms of greater shareholders, in addition to Cision and its management. Shareholding in Cision: 0.

    Ronan Carroll (born 1971) is a Fellow of the affiliation of Chartered certified Accountants (ACCA) and at the moment serves on a couple of boards. unbiased with regards to greater shareholders, as well as Cision and its administration. Shareholding in Cision: 0.

    Stockholm, may also 20, 2014

    The Board of directors of Cision AB (publ)

    Cision AB (publ)

    P.O. container 24194

    SE-104 51 Stockholm, Sweden

    Corp identification No. SE556027951401

    cell: forty six (0)eight 507 410 00

    http://corporate.cision.com

    The counsel offered herein is such that Cision AB (publ) is obligated to reveal pursuant to the Swedish Securities Markets Act (SFS 2007:528) and/or the Swedish monetary instruments trading Act (SFS 1991:980). The counsel become submitted for booklet at 17:30 CEST on can also 20, 2014.

    N.B. The English textual content is an unofficial translation. In case of any discrepancies between the Swedish textual content and the English translation, the Swedish textual content shall prevail.

    Cision is a number one issuer of cloud-based PR utility, capabilities and equipment for the advertising and public relations business. advertising and marketing and PR experts use our products to aid manipulate all elements of their brands – from deciding upon key media and influencers to connecting with audiences; monitoring traditional and social media; and inspecting effects. Journalists, bloggers, and other influencers use Cision’s tools to research story ideas, tune developments, and retain their public profiles. Cision is current in Europe, North america and Asia and quoted on the Stockholm inventory exchange with profits of approx. SEK 0.9 billion in 2013. For more counsel, talk over with www.cision.com (http://us.cision.com/).

    This guidance turned into delivered to you through Cision http://news.cision.com


    Tandberg information RDX QuikStation 4 assessment | killexams.com Real Questions and Pass4sure dumps

    Tandberg data’s RDX detachable force technology is more most economical and manageable than tape, works with almost any operating system and is now greater versatile due to the newest 3TB cartridges. No ask yourself it’s a popular answer for small-enterprise backup.

    The QuikStation 4 takes RDX to the subsequent stage by way of housing 4 inner drives in a 1U rack chassis. It’s a pure IP SAN equipment, proposing the drives to the network as particular person removable disks, every with their personal goal iSCSI qualified name (IQN).

    Tandberg has skipped two generations here, by supplying a number of significant updates to
the customary RDX QuikStation eight-bay equipment, which it launched in 2011, leading to uprated hardware that reinforces efficiency
– and greater versatile cartridges.

    The LTO tape library emulation characteristic has been changed with a digital volume, which places all resident cartridges, no rely what measurement, into one giant volume that’s well-desirable to excessive-potential backups. Tandberg offers SSD cartridges, whereas

    support for WORM creates regulatory-compliant archives. setting up the appliance took ten minutes, with the QuikStation four’s primary web interface permitting
us to set the time and update the firmware. The pair of Gigabit statistics ports default to failover, however that you would be able to trade them to a load-balanced crew in case you prefer.

    From the actual gadget view, we might eject, erase or clone our media, and set a drive so it seems to a host as a hard and fast disk. From the logical view, we may installation entry safety with CHAP authentication and lists of authorised host initiators.

    We logged on to the QuikStation’s portal the usage of a Broadberry E5-2600 v3 Xeon rack server running home windows Server 2012 R2. It introduced goals for each pressure and, once related,
a new removable force – which could be formatted or ejected as average
– looked in windows Explorer.

    It performed smartly in our exams, with Iometer reporting raw read
and write speeds of 86MB/sec and 68MB/sec. With two Intel Xeon E5-2600 v3 servers assigned separate cartridges, the cumulative Iometer speeds ramped as much as 120MB/sec
and 98MB/sec. real-world backup speeds are within your budget, too, with drag-and-drop copies of a 22.4GB folder containing 10,500 small info averaging 65MB/sec.

    The QuikStation 4 worked quality with the home windows Server 2012 R2 Backup utility, where its selective backups required cartridges to be introduced as fixed drives. We also used one of its removable drives as a vacation spot with Arcserve Backup 16.5. In each instances, we performed speeds of between 55 and 58MB/sec when securing our 22.4GB test folder.

    To verify the QuikStation’s digital volume feature, we loaded two 2TB and two 1TB cartridges and altered the mode from the web console. After rebooting, we created a single quantity with all 4 cartridges, at which factor the QuikStation introduced our server with a set 6TB pressure.

    in advance of ejecting a digital extent, the internet console displays a list of all its drives, along with their UUIDs, which is a convenient characteristic, because the listing can be printed from the console and saved with
the cartridge assortment so that you don’t combine them up.

    RDX WORM media are commonplace cartridges offered with a special licence key to liberate, as such, the bundled rdxLOCK utility for windows. After making use of the licence to the cartridge and importing a time-sync key from Tandberg’s aid website, we specific the cartridge as WORM media and will set infinite or selected retention periods.

    The data is then handiest accessible from the host running rdxLOCK – in which we may view and copy files from the cartridge, however now not modify or delete them. New records copied to the cartridge is encrypted and set as read-handiest, and retention intervals can’t be reduced.

    The QuikStation four is comparatively cheap and straightforward to manipulate – high-quality for small-business backup and off-web site storage. moreover, the brand new aspects during this latest hardware revision make it even more versatile. 

    This evaluation at the start looked in workstation professional 257

    necessities 

    1U rack chassis

    1.86GHz Intel Atom D2550

    4GB DDR3 RAM

    4x SATA RDX drives

    2x Gigabit Ethernet

    three x USB three

    Rackmount rails

    1yr on-web page NBD warranty

    RDX cartridges: 1TB, £89; 2TB, £153; 1TB WORM, £266 (all exc VAT) 


    QIA Qualified Internal Auditor

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    HASAAD initiative to double the number of Emirati Internal Auditors by 2021 | killexams.com real questions and Pass4sure dumps

  • Region has a total of 7,000 Internal Auditors (IA)
  • 22 per cent of IA in UAE are Emiratis
  • Dubai: The UAE Internal Auditors Association (UAE-IAA) has recorded a remarkable growth in the participation of Emiratis in the internal auditing sectors through its HASAAD programme, which was launched with the aim of providing training in the field of internal auditing.

    The UAE’s internal auditors professional body has launched the 8th cycle of the programme, which will run from October 14 to December 20 in the Emirate of Abu Dhabi, with the participation of a number of new internal auditors from across different sectors.

    The UAE-IAA Chairman Abdulqader Obaid Ali said: “Our strategy is focused on enhancing the role of Emiratis in the internal auditing profession due to its importance in supporting the national economy and ensuring the success of institutions.”

    Advertisement

    He added, “The UAE-IAA aims to double the current number of Emirati internal auditors in the public and private sectors by 2021, with a view to cope with UAE Vision 2021 aiming to shift to knowledge-based economy with the leadership of Emirati nationals equipped with knowledge and innovation skills.”

    HASAAD, since its inception in 2015, has contributed to the graduation of over 60 Emirati nationals, who are currently occupying senior positions in various public and private sector institutions.

    HASAAD, a training and development programme, is aimed at young UAE National graduates to provide them with a wealth of knowledge in internal audit.  It is aligned with ABSHER, an initiative launched by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE.  

    The UAE-IAA was set up in July 1995 as a non-profit organisation along the lines of its parent body with the support and co-operation of the Emirates Group, Dubai Economic Department, Dubai Chamber of Commerce, Al Futtaim Group, Emirates Bank and Dubai Aluminium Company (DUBAL). In June 2006, it sought and gained approval to become the official IIA affiliate in the UAE

    Licensed in 2008 by the UAE Ministry of Social Affairs, it launched HASAAD initiative at the 16th Annual Regional Audit Conference. The programme is the first of its kind in the world focusing on Internal Audit fundamentals and practices, development of individuals' skills and knowledge dealing with audited organizations, and enlightening those organizations of the audited elements. Its vision is to become an Internal Audit Training academy for Emiratis in UAE through enhancing their expertise, supporting their career, and preparing them to handle more duties within their respective organizations in the UAE.

    The program is designed to impart technical training on 15 major topics related to internal audit , to develop overall soft skills of individuals , share real life scenarios and challenges in the field of internal audit  and train them for Certified Internal Auditor qualification. It is a consolidated program for three months and has numerous benefits like offering better job opportunities, increasing the number of UAE Nationals in private sector and increasing efficiency of UAE Nationals to work in Internal Audit. The programme was developed to meet the need of institutions working in this sector and has been designed by more than 20 internal auditor and CEO combining their experiences and ideas in line with the internal audit departments. Of the 7,000 Internal Auditors (IA) in the region, 45 per cent are in the UAE of whom 22 per cent are Emirati.

    -Ends- 

    For media enquiries, please contact:

    Nadd Al Shiba PR and Event Management

    Phone: +9714-256 6707 

    Email: info@naddalshiba.com 

    Website: www.naddalshiba.com 

    © Press Release 2018

    The state auditor’s office found many Washington principals don’t share student crimes with teachers regularly. Here’s why. | killexams.com real questions and Pass4sure dumps

    When a student commits a crime in Washington state, the event is supposed to trigger a series of notifications. Ultimately, every teacher the student ever has from that point on is supposed to know about it.

    But according to a two-part report from the state auditor’s office — the second of which was released Monday — the parties required to pass the message along, including courts, state agencies, county sheriffs and principals, fail to do so consistently, leaving teachers in the dark and breaking state law.

    In their first report, released in May, auditors found that several of the responsible organizations they surveyed couldn’t prove they used consistent processes for notifying schools about students who had been convicted of a crime, recently released from incarceration or registered as a sex offender.

    The Department of Corrections and the Department of Social Health Services Juvenile Rehabilitation Program could prove they issued most of the required notifications — but schools could not confirm receiving most of them.

    At least some of the misunderstanding can be traced back to the district level, according to the audit, which found that at least 70 school districts did not have complete procedures or policies.

    As the chain of responsibility moves down to the school level, there are more holes: Many principals don’t have sufficient knowledge or training about their requirement to share students’ criminal histories with teachers, according to the auditors’ second report.

    To fix the problem, auditors say, legislators should convene a work group.  One central problem to tackle? Narrowing the list of crimes that actually require a notification. Under the patchwork of current state laws, if all parties complied, schools would receive about 11,000 notifications a year for over 330 criminal offenses.

    As a result of the first audit, officials have already made changes: The Department of Corrections said it would use certified mail to send a copy of notifications to districts to better ensure their receipt, and now uses a clearer email subject line for notifications. The Washington State School Directors’ Association also clarified its suggestions for districts.

    Many of the 34 principals the auditors spoke to for the audit, which spanned two dozen large and small districts around the state, said they used a case-by-case approach for sharing students’ crimes.

    One principal reported understating the crime, telling a teacher that a student had anger-management problems instead of an assault conviction. Another said the notifications were kept in a confidential file and only shown to teachers when they were deemed “serious offenses.”

    Some school leaders expressed concern that teachers may treat students differently as a result of the information, and “misunderstand the complicated reasons why students become involved in the juvenile justice system,” the audit said.

    The law requires that principals share information about past crimes when students transfer or switch schools because they’re moving into a different grade level. But over half of principals, 59 percent, did not do that. Many said they didn’t know it was mandated.


    Auditors grapple with crypto and blockchain | killexams.com real questions and Pass4sure dumps

    Top professional services firms are hiring hundreds of blockchain and cryptocurrency experts to offer auditing services to companies involved in the nascent and loosely regulated sector.

    Cryptocurrency prices skyrocketed towards the end of last year in the biggest speculative boom since dotcom fever, fuelling the creation of numerous crypto start-ups. 

    Major accountancy firms, including EY, PwC and KPMG, have since rushed to offer services to those with a foothold in the sector, despite a lack of consensus around how digital assets should be accounted for, as well as concerns that the market is vulnerable to fraud and money laundering.

    These Big Four firms are ramping up their investment by hiring specialised staff and developing their own in-house technologies to support the crypto audit process. 

    “It’s a no brainer,” said Jeanne Boillet, global assurance innovation leader at EY, which said it had more than 150 clients worldwide involved in crypto assets as of September. “We have no choice than to address this because some of our clients have invested in that space.”

    Auditors turn to blockchain as crypto prices fall

    Ms Boillet said that in addition to companies holding and trading in cryptocurrencies, EY’s clients included crypto exchanges, crypto mining firms and traditional companies using blockchain technology.

    Rival PwC said it had taken on a similar array of clients and currently employed about 400 “blockchain experts” globally, across multiple divisions, including its consultancy business. 

    “We are in the midst of a rather significant effort,” said Ralph Weinberger, leader of Pwc’s global network assurance methodology group. “We are devoting significant resources to how we might provide audit services in not just cryptocurrency, but blockchain.”

    Cryptocurrency prices have slumped from their mid-January peaks, as the sector battles concern over fraud and manipulation, and continues to be viewed with scepticism by most mainstream banks. 

    But even as the hype dies down, accountancy firms argue that businesses will continue to use the blockchain technology underpinning it.

    Blockchains allow encrypted data on anything, from money to medical records, to be shared between many companies, people and institutions.

    This protects data from fraud while instantly updating all parties concerned. Proponents expect companies from many sectors to increasingly launch their own private blockchains in the future. 

    Both EY and PwC have launched their own blockchain auditing tools this year. EY said it was building a further seven blockchain platforms “for the cryptocurrency ecosystem”. 

    ‘It’s clear that more work needs to be done’

    But there are risks associated with such rapid progress. There is currently no clear guidance for how the assets should be accounted for or audited, as they do not fall neatly under current standards — so firms are drawing up their own processes. 

    “It’s really about proper careful application of current rules and reading the lines between what fits and what makes sense,” said David Lyford-Smith, technical manager at the Institute of Chartered Accountants in England and Wales, an industry body. “But that does lead to some disagreements about what’s the best treatment.”

    He said that most auditors viewed cryptocurrencies as intangible assets, though in some cases they were being treated as inventory.

    Regulators are also beginning to circle the fledgling sector. 

    In a letter sent to MPs as part of an inquiry into the cryptocurrency sector earlier this year, the Financial Reporting Council, the UK’s accounting watchdog, said: “In the absence of specific guidance, there is a risk that diverse accounting practices will develop and become entrenched.”

    The watchdog told the Financial Times that auditing cryptocurrencies was not currently “a material issue for UK financial institutions and large corporates”, but that it was monitoring the situation and would intervene if there were “significant divergence of practice”. 

    In September, the International Financial Reporting Standards’ guidance committee discussed “how an entity might apply existing IFRS Standards in determining its accounting for holdings of cryptocurrencies”, according to its website. Its standards board will assess in future whether the topic needs to be added to its formal agenda.

    “It’s clear that more work needs to be done by the FRC and others,” said Andrew Gambier, head of audit and assurance at the Association of Chartered Certified Accountants, the global professional body.

    Tackling ‘negative reputational issues’

    But there are additional challenges for auditors appraising cryptocurrencies rather than traditional money, such as valuing assets prone to wild and unexpected swings in a market where pricing can differ between exchanges. 

    Jatin Patel, a director in the investment management and funds audit practice at KPMG, said “the hardest piece is verifying ownership”, given the anonymity afforded to holders of most digital currencies. 

    Recommended

    Tuesday, 30 October, 2018

    KPMG audits several dozen funds that hold cryptocurrencies, as well as crypto exchanges in Japan and the Cayman Islands. 

    But Mr Patel added that proof of ownership was becoming easier as crypto custodians — companies that store cryptocurrencies securely from hackers in the same way that custodian banks safeguard financial assets — become more prevalent.

    Firms also argue they carry out due diligence on potential crypto clients, sometimes going beyond their standard procedures. 

    “We are pushing and challenging companies in this industry so that [their] controls are proper and secure,” Ms Boillet of EY said. 

    “There’s a lot of negative reputational [issues],” said Mr Lyford-Smith of the ICAEW. “But if corporate companies are making use of these technologies . . . then they are going to need to be audited. It’s reasonable that the top [accounting] firms are going to respond to that need.”



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