Saudi Institute of Internal Auditors Diamond Sponsor at IIA 2024

The Saudi Institute of Internal Auditors (SIIA) will participate as a Diamond Sponsor at the 2024 International Conference of the Institute of Internal Auditors (IIA), taking place in Washington, D.C., from July 15 to July 17. The delegation, led by Hussam Abdulmohsen Alangari, President of the General Court of Audit and Chairman of the Board of Directors of the SIIA, will comprise up to 100 participants. This marks a significant milestone in Saudi Arabia’s engagement with the global internal audit community.

Context and Background

The IIA International Conference is the largest annual gathering of internal audit professionals worldwide, with over 2,300 expected attendees from various countries. The SIIA’s Diamond Sponsorship reflects Saudi Arabia’s growing influence in the field and its commitment to advancing professional standards. In 2023, the conference was held in Amsterdam, where the Saudi delegation made a notable impact with around 150 attendees, actively participating in sessions and sharing the Kingdom’s national professional experiences. This year’s participation builds on that success, showcasing Saudi Arabia’s leadership in internal auditing.

Key Details

The SIIA’s delegation will be led by Hussam Abdulmohsen Alangari, who also serves as President of the General Court of Audit, underscoring the high-level commitment to the event. The conference will feature sessions on emerging trends, regulatory updates, and best practices in internal auditing. The Saudi presence aims to contribute to discussions on governance, risk management, and control frameworks. As a Diamond Sponsor, the SIIA will have a prominent role, including opportunities to showcase Saudi Arabia’s achievements and Vision 2030 initiatives related to transparency and accountability.

Implications and Impact

The SIIA’s Diamond Sponsorship enhances Saudi Arabia’s international standing in the auditing profession and fosters knowledge exchange. It allows the Kingdom to learn from global peers while sharing its own experiences, particularly in integrating auditing with national development goals. This engagement supports the development of robust audit practices that are essential for economic diversification and investment attractiveness. Furthermore, it strengthens bilateral ties with other nations and international organizations, promoting collaboration on professional standards and capacity building.

Vision 2030 Alignment

This participation aligns with Saudi Arabia’s Vision 2030, which emphasizes transparency, accountability, and efficient governance as pillars of sustainable development. By actively engaging in global forums like the IIA International Conference, the SIIA demonstrates the Kingdom’s commitment to enhancing public sector performance and fostering a culture of integrity. Such initiatives contribute to building a resilient economy and a modern society, in line with the ambitious goals set forth by the leadership.

20 Questions

Q1. What is the Saudi Institute of Internal Auditors (SIIA)?

A1. The SIIA is a professional organization that promotes internal auditing standards in Saudi Arabia. It aims to enhance the profession, provide training, and foster best practices. It is affiliated with the General Court of Audit and supports Vision 2030 goals.

Q2. What is the IIA International Conference?

A2. The IIA International Conference is the largest annual gathering of internal audit professionals, organized by the Institute of Internal Auditors. It features sessions, workshops, and networking opportunities. The 2024 edition will be held in Washington, D.C., attracting over 2,300 participants.

Q3. Why is the SIIA a Diamond Sponsor?

A3. The Diamond Sponsorship signifies the SIIA’s strong commitment to the global internal audit community. It provides high visibility and demonstrates Saudi Arabia’s leadership in advancing the profession, aligning with the Kingdom’s Vision 2030 emphasis on transparency and accountability.

Q4. Who is leading the SIIA delegation?

A4. The delegation is led by Hussam Abdulmohsen Alangari, President of the General Court of Audit and Chairman of the Board of Directors of the SIIA. His leadership underscores the importance Saudi Arabia places on internal auditing and international engagement.

Q5. How many participants will the SIIA send?

A5. The SIIA will send up to 100 participants to the conference. This substantial delegation reflects the Kingdom’s active role in global auditing discussions and its dedication to professional development and knowledge exchange.

Q6. What was the Saudi presence at the 2023 conference?

A6. In 2023, around 150 Saudi attendees participated in the Amsterdam conference. They actively contributed to sessions and shared the Kingdom’s professional experiences, marking the largest Saudi presence at the annual event.

Q7. What are the dates of the 2024 IIA conference?

A7. The 2024 IIA International Conference will be held from July 15 to July 17 in Washington, D.C. This three-day event will feature a comprehensive program of sessions and networking opportunities.

Q8. What topics will be covered at the conference?

A8. The conference will cover emerging trends, regulatory updates, risk management, governance, and best practices in internal auditing. It provides a platform for professionals to discuss challenges and innovations shaping the profession globally.

Q9. How does this participation benefit Saudi Arabia?

A9. It enhances Saudi Arabia’s international standing, fosters knowledge exchange, and supports the development of robust audit practices. This aligns with Vision 2030 goals of transparency, accountability, and efficient governance for sustainable economic growth.

Q10. What is the role of the General Court of Audit?

A10. The General Court of Audit is Saudi Arabia’s supreme audit institution, responsible for overseeing public funds and ensuring accountability. It supports the SIIA and works to enhance auditing standards in line with international best practices.

Q11. How does internal auditing support Vision 2030?

A11. Internal auditing promotes transparency, integrity, and efficient resource management, which are essential for Vision 2030’s goals of economic diversification and modern governance. It helps build trust in public institutions and attracts investment.

Q12. What is the significance of the Diamond Sponsorship?

A12. Diamond Sponsorship is the highest level of support for the conference, providing prominent visibility. It demonstrates Saudi Arabia’s commitment to the global auditing community and its leadership in promoting professional excellence.

Q13. Will the SIIA present any specific initiatives?

A13. The SIIA will share Saudi Arabia’s national professional experiences and highlight how internal auditing contributes to Vision 2030. Specific sessions may focus on governance and risk management practices.

Q14. How many attendees are expected at the 2024 conference?

A14. Over 2,300 participants from around the world are expected to attend. This makes it the largest gathering of internal audit professionals, offering extensive networking and learning opportunities.

Q15. What is the Institute of Internal Auditors (IIA)?

A15. The IIA is a global professional association that sets standards for internal auditing. It provides certification, education, and research to advance the profession worldwide, with members in over 170 countries.

Q16. How can Saudi professionals benefit from attending?

A16. They gain access to global best practices, networking with peers, and insights into emerging trends. This enhances their skills and enables them to contribute more effectively to Saudi Arabia’s development goals.

Q17. What other international engagements does the SIIA have?

A17. The SIIA regularly participates in global forums and collaborates with international audit organizations. It aims to Benchmark Saudi practices against global standards and promote the Kingdom’s expertise.

Q18. How does the conference support knowledge sharing?

A18. The conference facilitates the exchange of ideas through sessions, workshops, and informal networking. Participants share case studies and innovative approaches, enriching the global auditing profession.

Q19. What is the expected outcome of the SIIA’s participation?

A19. The SIIA expects to strengthen international partnerships, gain insights into best practices, and showcase Saudi Arabia’s progress. This will contribute to enhancing audit quality and governance in the Kingdom.

Q20. How does this align with Saudi Arabia’s global role?

A20. It reinforces Saudi Arabia’s active engagement in international affairs and its commitment to global standards. By leading in internal auditing, the Kingdom demonstrates its role as a responsible global player.

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