HR competence eradicates corruption: moot told

June 16, 2015 Off By Web Desk

KARACHI: Pakistan’s socioeconomic potential can be unlocked by eradicating deep-rooted corruption with skilled human resource, effective processes and strict compliance. Corruption does not only retard the pace of development but also hinder government’s efforts to ensure provision of social services and poverty alleviation. The present regime is making an all-out effort for sustained socioeconomic development with healthy foreign investment to subsequently achieve the vision of a strong, progressive and prosperous Pakistan.

These views were expressed by Mohammad Zubair, Minister of State and Chairman Privatization Commission of Pakistan during Pakistan’s first-ever Internal Audit Summit – PIAS 2015, organized by TerraBiz at a local hotel in Karachi. He was delivering his keynote entitled ‘Vigilant Leadership – Challenges to Governance in Government’.

The day-long conference entitled ‘Governance, Risk and Compliance’ is endorsed by the International Association of Financial Management, whereas ICMA Pakistan and ISACA (Karachi Chapter) are the knowledge partners. The conference attracted over 250 professionals from internal audit, governance, risk and compliance disciplines besides participation from different audit firms.

Yacoob Suttar, President ICAP and MD & CEO Asia Petroleum, during his presentation, highlighted the uniqueness of internal audit function and quoted inspiring examples based on his three decades of experience. He also presented the kind of aptitude and skillset required for internal auditing professionals to flourish in the future.

Tariq Isaksson, Vice President IT Audit, Etisalat Group, UAE, during a session on ‘Impact of Information Technology on audit’, highlighted the ever growing complexities in the IT environment and presented the way IT auditors and assurance professionals can provide continuous value to their respective senior management.