OQ Launches Audit and Assurance Awareness Drive: Key Insights for Investors and Business Owners in Oman
MUSCAT: OQ Group has officially launched its Internal Audit and Corporate Assurance Awareness Month for May, aligning with global observances and emphasizing its commitment to enhancing governance, transparency, and risk management across the organisation.
This initiative represents OQ’s dedication to reinforcing internal controls and fostering a proactive assurance culture that supports sustainable performance and long-term value creation. Abdulrahman bin Ahmed al Harthi, Chief Internal Audit Officer at OQ, highlighted that corporate assurance has evolved into a forward-looking discipline that informs decision-making, boosts accountability, and builds trust throughout the group. He described the awareness month as a significant step in embedding these principles into consistent practices across all subsidiaries.
As part of the awareness efforts, OQ hosted a programme for approximately 150 students from seven universities and colleges. The event focused on the critical role internal audit and assurance play in organisational sustainability while encouraging the development of specialised national talent in this field.
The group also introduced the 2026 Awareness Month Award, which aims to recognise impactful initiatives within its subsidiaries that enhance operational efficiency, strengthen oversight, and advance governance and risk management. This award is designed to stimulate innovation among employees and promote projects that boost system reliability and create measurable value.
Throughout the month, activities include an open day featuring best practices and real-world experiences in audit and assurance, alongside discussions about their importance in reinforcing governance frameworks. Simultaneously, OQ launched the Young Leaders in Corporate Audit and Assurance Programme, targeting employees and audit professionals across Oman to cultivate the next generation of skilled national leaders.
OQ’s integrated assurance strategy rests on four pillars: internal audit, project assurance, risk management and organisational resilience, and ethics and integrity. These elements are unified under an Integrated Assurance Model that aligns governance, compliance, and control functions into a cohesive system that supports the group’s strategic objectives.
The initiative focuses on increasing corporate awareness, strengthening transparency and accountability, and empowering employees to raise concerns promptly and act decisively. Together, these efforts are expected to enhance risk mitigation, foster shared responsibility, and improve engagement with decision-makers, especially as OQ advances its digital transformation agenda.
The Awareness Month will culminate with an awards ceremony to honour contributions that have significantly strengthened governance and assurance throughout the group.
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OQ Group’s Internal Audit and Corporate Assurance Awareness Month signals a strategic shift towards enhanced governance, transparency, and risk management—key for sustainable business growth in Oman. This initiative presents opportunities for businesses to adopt integrated assurance models that boost accountability and operational efficiency, while fostering national talent development in audit and risk disciplines. Smart investors and entrepreneurs should prioritize companies with strong governance frameworks and active risk mitigation strategies, as these will be better positioned to navigate Oman’s evolving corporate landscape and digital transformation.
