A conference was held in order to teach the experts how they can contribute to the detection of fraud, corporate governance, and other related things.
3000 experts were drawn from the whole of the global audit internal industry and the main cause behind it was bringing the people together for the sake of innovation.
This was basically a 3-day event and this 3-day event was actually organized by the UAE Minister of Economy named as Sultan bin Saeed Al Mansouri. The session was on the subject of 'Global Issues Impacting Business'. all of the issues that are being faced by the businesses were discussed in the Summit.
A message by Sheikh Ahmed bin Saeed Al Maktoum
A message was given to the participants by, Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and chairman of Dubai Supreme Fiscal Committee in Dubai. In that message, he basically addressed the participants by giving stress upon the importance of the summit held in promoting different business policies and standards so that the economy can be raised.
Dubai-hub of Opportunities
Dubai has a lot of opportunities for new people who want to start their own businesses. Dubai is facilitating them to a great extent as well. Dubai is also trying to bring so many revolutions in itself so that more and more people can get the benefit from what it has got. In actual we can also say that Dubai is trying to connect the world through innovation and this is what the theme of the conference was.
Due to the conference, more people would be able to learn different and unique things that would help them in the future a lot. The people should be able to learn the solution of different things forms the experts. This would make great changes in their thinking capacity and much more.
In addition to that, they would also get to know how they can be able to detect the frauds in their companies and how they can address different challenges and hurdles that come in the way of success. All of these things will prove to be very effective for the companies as they will increase their efficiency level as well.
Auditing Firms in Dubai
As we all know that auditing firms in UAE are really important for the businesses as it helps the company in getting the idea about its financial status. By accounting, we can detect the frauds as well.
UAE is always up to bringing up new and latest things and technologies along with practices so that the people can be 10 times ahead of others. This key thing has played a great role in the success of UAE. Because of these things, a lot of challenges have occurred for the Auditors in UAE as they have to keep a check on each and everything.
The focus was on different other discussions as well. Those things included the future technologies, corruption threats, piracy problems and much more.
In the summit, the key issues were to be focused on that are being faced by the audit industry and the best part is that all of these issues are being discussed in Arabic for the very first time.