DUBAI: The Ministry of Finance (MoF) welcomed a delegation from Indonesia’s Ministry of Finance at its office in Dubai to discuss and exchange expertise on internal audit practices. This visit is part of ongoing initiatives to bolster bilateral cooperation and facilitate knowledge-sharing in public financial management, aligning with the Memorandum of Understanding (MoU) signed between both nations in July 2024.
According to Emirates News Agency, the Indonesian delegation received a comprehensive briefing on the organisational structure, responsibilities, and objectives of the Ministry’s Internal Audit Office. The session highlighted the office’s dedication to providing independent and objective assurance on internal control systems and risk management, as well as advisory activities aimed at enhancing operational efficiency.
Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, underscored the significance of international collaboration and knowledge-sharing in elevating the standards of transpa
rency and accountability in public finance. He affirmed the Ministry’s commitment to applying best practices and international standards in internal auditing to support sustainable and efficient financial management in line with the country’s strategic goals.
AlKhoori further noted that exchanging knowledge with Indonesian counterparts is crucial for mutual advancement, fostering partnerships that will continuously improve financial institutions in both countries. He expressed enthusiasm for the shared successes that will elevate internal audit practices and contribute to the long-term sustainability and resilience of financial systems.
Both the UAE and Indonesia stressed the importance of the MoU in advancing public financial management, with knowledge exchange serving as a cornerstone of their strategic partnership. Under the agreement, both Ministries are committed to collaborative efforts and the adoption of global best practices to enhance transparency and strengthen public financial management systems
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The Indonesian delegation, led by Riza Faiz Ahmad, Audit Manager of the Inspectorate General Office of the Indonesian Ministry of Finance, comprised experts in auditing and accounting. The Ministry’s Internal Audit Office is noted for adhering to international standards set by the Institute of Internal Auditors (IIA) and was awarded full compliance certification by the UAE Internal Auditors Association in 2022, highlighting its commitment to excellence.
Additionally, the office employs a robust internal system to combat fraud and mitigate risks related to administrative corruption, accessible via the Ministry’s digital platforms, including its official website and mobile app.
