MUSCAT, 17 March 2012 – BankMuscat, the flagship financial institution in the Sultanate, is hosting a seminar on ‘Combating Fraud’ by Ms Mandy Green, Director, Forensic & Dispute Services (Middle East) - Deloitte & Touche (ME) & Co. on 20 March from 6 pm to 8 pm at the Bank’s Head Office. The seminar organised by the Institute of Internal Auditors (IIA) – Oman is aimed at helping internal auditors address the risk of fraud.
The Institute of Internal Auditors (IIA) is an international professional association of more than 170,000 members. Throughout the world, IIA is recognised as the internal audit profession's leader in certification, education, research, and technical guidance.
Thomas Totton, GM – Internal Audit, said: “BankMuscat is proud to host this seminar which assumes importance against the backdrop of increasing attention to corporate governance and transparency in banking operations. BankMuscat is of the strong view that the values and beliefs of a company hold it together more than its structure and systems. Openness, transparency and accountability ought to be at the heart of good governance to provide value for all stakeholders.”
BankMuscat has introduced an anti-fraud programme and conducts a fraud risk assessment in order to maintain the highest standard of ethical conduct in banking operations.