The Institute of Internal Auditors in association with Qatar Universitys Scientific Accounting Association held a seminar on internal audit managing costs and focus in a downturn.
Speaking on the occasion, Price WaterhouseCoopers (PwC) director Jill Emney said: Boards should be looking at their internal audit to provide the robust scrutiny and assurance they need to navigate through an exceptionally tough business climate and increasingly uncertain risk environment.
Emney recently moved to Qatar from a risk assurance practice in the UK. Her presentation was based on the findings of PwC survey of 100 top companies.
The expert also identified a number of areas where an internal auditor can address the challenges faced by executives such as cost reduction, talent management, business productivity enhancement, better quality information and stakeholder collaboration.
Forums president Sundaresan Rajeswar said: It is the 12th and last seminar for the term 2008-09 that ended on May 31.