Family Owned Business
A family-owned business is a company in which the majority of the ownership or control lies within a family. This means that two or more family members are involved and the majority of the business is controlled by the family. Family-owned businesses can vary in size from small businesses to large corporations.
Crypto Bytes
Bitcoin hit its highest-ever peak on November 10th, 2021, riding on the news of Tesla’s $1.5 billion Bitcoin investment. Since then, its price has dropped by around 77% to $15,747.07 Nym Technologies has launched a $300 million innovation fund for privacy infrastructure. The Nym innovation Fund will invest in crypto projects building to safeguard privacy […]
ESG and GHG Inventory inthe GCC Region
GHG Inventory– GHG inventory is the comprehensive count of the greenhouse gas emissions that pertain to a specific region, country or entity. It provides data to quantify, assess and manage emissions. GHG Protocol –GHG Protocol are the set of standards and guidelines developed by World Resources Institute (WRI) and the World Business Council for Sustainable Development […]
Customer Security Control Framework (CSCF)
The Swift Customer Security Controls Framework (CSCF) is a set of mandatory and advisory security controls for Swift users. It is part of the Swift Customer Security Programme (CSP), which is designed to help financial institutions strengthen their cyber security defenses and protect the integrity of the wider financial network. Swift CSF stands for Swift […]
Internal Audit Newsletter
A family-owned business is a company in which the majority of the ownership or control lies within afamily. This means that two or more family members are involved and the majority of the business is controlled by the family. Family-owned businesses can vary in size from small businesses to large corporations.
Crypto Bites
Regulatory Approval Trading platform eToro has officially obtained regulatory approval in the form of a Bit License to provide crypto services in the state of New York. Moreover, the platform has been issued a money transmitter license from the New York State Department of Financial Services (NYDFS), according to Coindesk. Fund Raising TipLink, a startup […]
COSO
The COSO framework, developed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), provides a comprehensive and integrated approach to internal control, risk management, and governance within organizations. The most well-known framework developed by COSO is the Internal Control Integrated Framework, which was first introduced in 1992 and updated in 2013.
AI Relevance to Internal Audit
Companies are adopting artificial intelligence (AI) more frequently to improve internal audit procedures. Artificial Intelligence possesses the capability to mechanize monotonous jobs, enhance data interpretation, and offer instantaneous perspectives into corporate activities. AI can be applied to a range of internal audit processes, including risk assessment, fraud detection, and compliance testing.
New Year, New Vision: Diving into Dubai’s Social Agenda 33
As we embark on a fresh chapter in 2024, Dubai sets its sights on an even more ambitious vision: the Dubai Social Agenda 33. Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum on Jan 4th ,2024 it is for the decade until 2033 highlighting the theme of ‘Family: The Foundation of Our Nation’ […]
BUILD A COMPLIANCE CULTURE
Defining culture but complex concepts doesn’talways need complex definitions. Edgar Schein, one of the most influential voices in theorganisational culture debate, described cultureas the habitual behaviours and assumptions thatorganisations develop when dealing with internaland external factors. Schein points out that whenorganizations deal with different issues, they tendto develop different norms and behaviours. Withthis in mind, […]