OAB Holds Professional Development Workshop

Muscat, July 25, 2017: Oman Arab Bank (OAB), with a continued focus on professional development, recently conducted a specialised audit workshop at the OAB Head office in Al-Ghubra. The workshop, which was held in collaboration with Ominvest and Oman LNG, witnessed the participation of 13 staff from the three different organisations.

Commenting on the importance of conducting professional development in the workplace, Salah Abdullah Al Sharji, Head of Internal Audit said, “We place a great emphasis on developing the skills and capabilities of everyone within OAB. Holding workshops such as these is an important part of our professional development process for team members. The themes of this workshop highlighted risk analysis, international audit standards and methodologies, proper utilisation of audit tools, and improving overall efficiency and techniques when finalising audit reports. In a financial environment, professional audit capabilities are critical for organisational transparency.”

Organised by the Internal Audit Team at Oman Arab Bank, the workshop was sponsored by the Bank and conducted in collaboration with Ominvest and Oman LNG. Heading the workshop were trainers from US-based PEF Associates, Inc, who focused on best practice techniques to strategize and draft audit reports based on risk-based auditing techniques.

“The workshop was a great success, providing the participants with much more effective report writing strategies and auditing techniques. Given the overwhelmingly positive response we have received from participants, we will most definitely look into conducting similar collaborative workshops in the future” Salah Al Sharji added.

PEF Associates, lnc. is registered with the National Association of State Boards of Accountancy (NASBA). They have been providing training and consulting services to audit departments for twenty-five years. Their highly interactive workshops focus on report development and root cause analysis. They are also pre-qualified by the Institute of Internal Auditors (IIA) and Information Systems Audit & Control Association (ISACA).

Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history. Today, the bank operates a nationwide network of 57 branches and 8 representative offices across and 148 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.