Mr. Salih Mohamed Mansour Faraj
Welcome to the Libyan Association of Internal Auditors
We welcome you to the home of internal auditors in Libya. We are an association founded by Libyan professionals, aiming to be the primary reference for all those working in and interested in the internal auditing profession in our country.
Internal Auditing and its Importance
Internal auditing is considered the vigilant eye of the institution. It is not just a routine activity, but a fundamental driver for enhancing performance and ensuring quality. Its mission goes beyond merely checking numbers to include assessing processes and identifying strengths and weaknesses, which adds real value to the company. This activity provides a comprehensive and collective view of potential risks and helps management make informed decisions to achieve strategic objectives. Internal auditors rely on a deep understanding of the operating environment and internal systems, enabling them to evaluate the effectiveness of controls and the efficiency of governance. This assessment ensures that the institution operates within a strict framework that reduces the likelihood of errors or fraud and guarantees compliance with laws and regulations.
The Importance of Internal Auditing:
- Process Improvement: Internal auditing helps identify weaknesses in operational processes and provides recommendations for improvement, leading to increased efficiency and reduced costs.
- Risk Assessment: Internal auditing regularly assesses the risks facing the institution and provides proactive solutions to mitigate their negative impact, whether they are financial, operational, or legal risks.
- Enhancing Governance: Internal auditing works to strengthen the corporate governance framework by ensuring the effective application of control policies and procedures, which promotes transparency and accountability.
- Ensuring Compliance: Internal auditing ensures that the institution complies with internal and external laws and regulations, reducing the risk of exposure to penalties or legal issues.
- Supporting Decision Making: Internal auditing provides senior management and the board of directors with accurate and reliable information and reports, helping them make informed and strategic decisions.
About Us
We are a Libyan association that brings together professionals in the internal auditing profession, aiming to raise awareness of the vital role of this profession and develop it. We work hard to provide continuous support to internal auditors, enabling them to access the best global practices and standards through obtaining accredited international certifications such as CIA, CICS. Our commitment to volunteer work reflects our passion for building a better professional future for all internal auditors in Libya.
Association Goals
We seek to empower internal auditors in Libya by enhancing their knowledge and capabilities, and we work hard to achieve the following goals:
Enhancing Practices
Enhancing practices by developing and promoting ethical and professional standards for internal auditing.
Member Development
Developing members by providing internationally recognized training and certifications such as Certified Internal Auditor (CIA, CICS) and organizing seminars and workshops to raise the efficiency of internal auditors.
Supporting Independence and Objectivity
Supporting independence and objectivity by emphasizing the importance of independence, objectivity, transparency, and credibility.
Awareness of the Importance of Internal Auditing
Raising awareness of the importance of the internal auditor and promoting the vital role of internal auditing in companies, institutions, and bodies.
Unifying Policies and Laws Related to Internal Auditing
Cooperating with local regulatory bodies in unifying policies and laws related to internal auditing in line with international and local standards.
Cooperation with the International Federation (IIA)
Cooperating with the International Institute of Internal Auditors (IIA) to provide internationally recognized certifications such as Certified Internal Auditor (CIA, CICS) and attending conferences and workshops.
Our Vision
To achieve these goals, we will take all legally permissible means, including:
1-
Developing Standards: The association sets internationally recognized professional standards for internal auditing.
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Guidance and Technical Assistance: Providing technical consultations, technical reports, and tools to assist in effective task execution.
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Building Networks: Allowing auditors opportunities to connect with international and local professionals through conferences, seminars, and local groups.
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Encouraging and Supporting Research: Encouraging and supporting research related to internal auditing to improve practices and develop tools and methodologies.
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Raising Awareness of Internal Auditing Importance: The association works to increase awareness of the role of internal auditors and the importance of their functions in enhancing transparency.
Professional Certifications
To achieve professional excellence in internal auditing, accredited certifications are among the most important tools that prove competence and professionalism. These certifications are not just pieces of paper; they are proof that the holder possesses the necessary knowledge and skills to apply the best global practices and standards in this vital field.
Certified Internal Auditor (CIA)
The Certified Internal Auditor (CIA) certification is the gold standard for professional excellence in the field of internal auditing. Offered by the Institute of Internal Auditors (IIA) for over four decades, this certification has established its position as the most important and prominent certification in the profession worldwide. Obtaining it is not just an addition to your CV; it is concrete proof that you possess the essential knowledge and advanced skills required by the growing job market in this field.
Proof of Credibility and Competence
The CIA certification is unique in being the only internal auditing certification that enjoys wide global recognition, making it your passport to work anywhere in the world. Obtaining this certification sends a clear message to employers and colleagues that you possess the necessary abilities and competencies to perform internal auditing tasks effectively and with high professionalism. It not only confirms your mastery of theoretical concepts but also reflects your ability to apply global standards in practice. The certification gives you a significant competitive advantage and opens doors to better career opportunities, thereby enhancing your career path and credibility in the job market.
Certified Internal Control Specialist (CICS)
The certificate aims to obtain academic and professional qualification in the field of internal control from the International Control Institute (ICI) in America, and to enjoy professionalism in planning and executing tasks, and developing knowledge and skills within best international practices, to distinguish its holder among colleagues, and lay the foundation for continuous development and improvement.
Accreditation of the Professional Certification CICS
The Certified Internal Control Specialist (CICS) certification is issued by the Internal Control Institute (ICI) in America. It is a professional certificate issued in the name of the person who successfully meets the requirements for the certificate. This competency qualifies the internal control specialist to assist organizations in designing and/or evaluating internal control to help management install internal control processes.
Libyan Association of Internal Auditors
The association is an important step towards the sound legal and professional establishment of the internal auditing function, which supports efforts to combat corruption and improve administrative and financial performance in Libyan institutions. Would you like to know more about the international standards that the association seeks to implement?
The Standards?
The International Standards for the Professional Practice of Internal Auditing (IPPF) form the cornerstone for effective and professional internal auditing worldwide and the extent to which international standards are applied in a manner that does not conflict with Libyan laws and legislation. These standards are not just guidelines; they are a comprehensive and clear framework aimed at guiding internal auditors in performing their duties, ensuring the highest levels of quality and reliability. Adherence to these standards is not optional; it is an essential and mandatory element for every internal auditor who wishes to achieve professional excellence. The standards include essential components that ensure comprehensive understanding and accurate application:
Mandatory Requirement Statements:
These statements represent the foundational building block of the standards, defining the core requirements for performing internal auditing professionally and effectively. They are universally applicable, regardless of the size or nature of the organization, and serve as a primary reference for evaluating the effectiveness of internal auditing activities at the individual and institutional levels.
Interpretations:
To ensure clarity of understanding and avoid any ambiguity, the standards provide detailed interpretations that clarify the terms and concepts contained in the Mandatory Requirement Statements. These interpretations are essential for understanding the correct context and accurately applying the standards.
Glossary Terms:
To precisely define the technical terms used in the standards, the framework includes a glossary that clarifies the specific meanings of key terms. This glossary is an integral part of the standards and contributes to unifying understanding and terminology among internal auditors worldwide.
It is of great importance to note that correct understanding and effective application of the standards require considering both the Requirement Statements and their Interpretations. This integrated approach ensures that the internal auditor does not merely adhere formally, but understands the essence of the standards and applies them to serve the objectives of internal auditing in enhancing governance, risk management, and control improvement.
Founders and Board Members of the Association
Founders
Board of Directors
Do you have any inquiries about membership?
Contact Us
For inquiries about membership or any information related to the internal auditing profession, we are happy for you to contact us through our official channels.