(MENAFN – Muscat Daily) Muscat- The internal audit at Oman International Development and Investment Co (Ominvest) has received the ‘generally conforms’ rating, which stands as the highest rating, following a quality assessment review by the US-based Institute of Internal Auditors (IIA).
This is the highest internal audit profession opinion on a scale of ‘generally conforms’, ‘partially conforms’, and ‘does not conform’, according to a press release issued by Ominvest.
The ‘generally conforms’ rating means that an internal audit activity has a charter, policies, and processes that are judged to be in conformance with the international standards in all material aspects.
The external quality assessment was conducted by a visiting team from the IIA. According to the…
