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Deloitte Middle East and UAE Internal Auditors Association sign MOU at The Audit Summit in Abu Dhabi

Abu Dhabi, United Arabi Emirates – 17 May 2024: On the back of its participation as the Knowledge Partner of The Audit Summit that was held in Abu Dhabi 15 and 16 May, Deloitte Middle East announced today its Memorandum of Understanding (MOU) with the Internal Audit Association in the United Arab Emirates (UAE IAA), to underline the shared commitment to drive the transition towards a world of tech auditing. 

The agreement outlined the joint efforts to drive the industry’s journey towards embracing agility in Internal Audit and enabling the pivotal role of emerging technologies in augmenting organizational value amidst the evolving terrain of agile Auditing. The two organizations were represented at the signing ceremony by UAE IAA Chairman of the board, Abdulqader Obaid Ali, and Deloitte Middle East partners Mohammed Khamees Al Tah, Dina Fakih and Firas Haddad. 

Commenting on the topic, Firas Haddad said, “This agreement marks a significant milestone in our journey to enable the Internal Audit profession in the United Arab Emirates and we look forward to collaborating with like-minded professionals to develop agility, enhance efficiency, and add value. We renew our commitment to enhance our proactive efforts to support industry experts in the Emirates in the digitization journey, while maintaining the delivery of audits at the highest possible standard.”

During The Audit Summit, Deloitte's Risk Advisory partner, Dina Fakih, led a panel discussion revolving around the evolution of Internal Audit, with a sharp focus on integrating emerging technologies such as Artificial Intelligence. Deloitte showcased an array of innovative solutions for streamlined audits that adeptly managing risks in an ever-changing environment.

About Deloitte & Touche (M.E.) LLP:

Deloitte & Touche (M.E.) LLP (“DME”) is the affiliate for the territories of the Middle East and Cyprus of Deloitte NSE LLP (“NSE”), a UK limited liability partnership and member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”).

DME is a leading professional services firm established in the Middle East region with uninterrupted presence since 1926. DME’s presence in the Middle East region is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DME’s affiliates and related entities cannot oblige each other and/or DME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable for its own acts or omissions and not those of any other affiliate. DME provides audit and assurance, consulting, financial advisory, risk advisory and tax, services through 29 offices in 15 countries with more than 5,900 partners, directors and staff. 

About Deloitte:

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL, NSE and DME do not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 415,000 people worldwide make an impact that matters at www.deloitte.com. 

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