DEWA Receives Prestigious 'Generally Conforms' Rating From UAE Internal Auditors Association For Audit Standards

The Internal Audit Department at Dubai Electricity and Water Authority (DEWA) has achieved a 'Generally Conforms' rating from the UAE chapter of the Internal Auditors Association (IAA). This top rating signifies adherence to international standards for internal auditing. It highlights DEWA's commitment to global audit standards, enhancing confidence in its operations and supporting strategic goals.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, accepted the certificate at DEWA’s headquarters. Present were Ahmed Hassan Mohammad Noor, Acting Vice President of Internal Audit, along with DEWA’s internal audit team. Al Tayer stated, "We work in line with the vision and directives of the wise leadership to ensure the sustainability of excellence across all our operations. This is achieved by developing internal audit methodologies and adopting advanced analysis tools and AI technologies to further enhance the efficiency of auditing processes and consolidate DEWA's position as a global role model in good governance and effective management. Receiving the ‘Generally Conforms’ rating in the review conducted by the UAE Internal Auditors Association reflects our commitment to the highest standards of transparency, integrity and institutional governance. Internal auditing is pivotal to supporting DEWA’s vision as a globally leading sustainable innovative corporation committed to achieving net zero by 2050."

Ahmed Noor emphasised that DEWA's Internal Audit Department uses cutting-edge data analysis and AI technologies in its auditing processes. "With the support and guidance of DEWA’s top management, the Internal Audit Department adopts the latest data analysis and AI technologies in auditing processes, in accordance with the highest local and global standards. We are further committed to implementing comprehensive audit procedures and delivering results with integrity and efficiency to enhance the confidence of all stakeholders," he said.

DEWA aligns its practices with several international guidelines such as ISO 37000 on Governance of Organisations and BS 13500 on Effective Governance Management Systems. It also adheres to regulations from bodies like the Security and Commodity Authority (SCA) and Dubai Financial Market (DFM). By benchmarking against leading global companies, DEWA ensures it follows industry best practices.

By integrating advanced methodologies into its operations, DEWA aims to maintain high standards of governance, risk management, and control processes. These efforts not only boost operational confidence but also contribute significantly towards achieving strategic objectives.

DEWA's focus on sustainability is evident through its commitment to achieving net zero emissions by 2050. The organisation continues to evolve its internal audit strategies using modern tools, reinforcing its status as a leader in effective management.

With inputs from WAM