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The Central Bank is finalizing a document related to auditing and IT governance at banks

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Economy News _ Baghdad

The Central Bank of Iraq (CBE) governor Ali Al-Aalak said the Central Bank is about to issue a detailed document on auditing and IT governance at banks. 
"The document is currently in the final review stage and is being discussed with banks and will be binding on the relevant parties," Al-Aalak said at the inaugural ceremony of the ISACA branch for auditing and monitoring information systems in Iraq. 
He added that "the work of the ISACA is very important and we will interact with him and support him with all that is needed, because we recognize the importance of work in this aspect and the seriousness of the delay in its application." He pointed out that the financial institutions have opened in their financial transactions remarkably, "Until recently, On the service of those inside the institution, but today many of these systems are open to the outside world, "stressing the need to meet this development with the development of risk management resulting from these systems.
Al-Alaq stressed that "the Central Bank, as a result of its supervision and control, has evolved from the traditional control to the control that takes advantage of and employs modern technology in its operations," pointing out that there is a shift in the central bank towards electronic auditing. 
The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, said in his speech on his behalf, the economic adviser, Samir Nusairi, that "Iraq is making great strides in the way of development and openness to the outside world in all fields, to take the historical and global prestige and knowledge it deserves, This world-class institution, which is present in more than 200 countries around the world, is only a vivid example of the openness of the world to Iraq and the openness of Iraq to the world. "
He pointed out that "the importance of the existence of such an international institution in Iraq, being one of the major references in the world in the establishment of the foundations of auditing on information systems and security and preservation," noting that "the world has become a small village, thanks to the tremendous development in the field of information systems, data processing and circulation, And the development of countries is measured by the development of electronic and information systems. "  
He stressed that the role of the Iraqi Central Bank in the development of the banking sector in Iraq is a leading situation in Iraq as a whole, as the Iraqi Central Bank is actively pursuing the development and modernization of this sector, "pointing out that" the development of electronic technologies and information systems in banks is The best way to upgrade Iraqi banks to global. "
He stressed that "the Association of Iraqi private banks is following closely and as a strategic partner of the Central Bank of Iraq and work to improve the banking sector in all fields, so this event came in cooperation with the Association of Banks to the importance of the role played in this vital area."

 

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Views 3   Date Added 09/08/2018
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14 minutes ago, yota691 said:

He pointed out that the financial institutions have opened in their financial transactions remarkably, "Until recently, On the service of those inside the institution, but today many of these systems are open to the outside world, "stressing the need to meet this development with the development of risk management resulting from these systems.

 

15 minutes ago, yota691 said:

pointing out that there is a shift in the central bank towards electronic auditing. 

 

16 minutes ago, yota691 said:

"Iraq is making great strides in the way of development and openness to the outside world in all fields, to take the historical and global prestige and knowledge it deserves, This world-class institution, which is present in more than 200 countries around the world, is only a vivid example of the openness of the world to Iraq and the openness of Iraq to the world. "

 

16 minutes ago, yota691 said:

The best way to upgrade Iraqi banks to global.

 

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Thank you master yota. Is this the big news rumoured coming out of iraq. Also why i might ask can not open a lot of pitchers news? Is it just rumours or unverified? 

 

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Economy News Baghdad:

The Central Bank announced that it has received a quality management certificate in the field of cash management.

"After two years of intensive work to achieve compliance with ISO 9001: 2015 , the Central Bank of Iraq (CBI) has obtained a Quality Management System (QMS) certificate in the field of quality management, Cash management ", and thanked all those who contributed to this achievement.

The ISO 9001 standard is the world's most widely used standard for quality management systems. This standard helps organizations meet customer demand and expectations ,monitor quality and manage operations, improve the company's services, and develop business performance in various areas.


Views 1032   Date Added 09/08/2018

 
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 Central Bank receives a quality management certificate in the field of cash management
 
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Economy News Baghdad:

The Central Bank announced that it has received a quality management certificate in the field of cash management.

"After two years of intensive work to achieve compliance with ISO 9001: 2015 , the Central Bank of Iraq (CBI) has obtained a Quality Management System (QMS) certificate in the field of quality management, Cash management ", and thanked all those who contributed to this achievement.

The ISO 9001 standard is the world's most widely used standard for quality management systems. This standard helps organizations meet customer demand and expectations , monitor quality and manage operations, improve the company's services, and develop business performance in various areas

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ISACA Opens Branch In Baghdad

 
 Last updated 2018-08-11  178
%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-17-750x43 Baghdad

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ISAKA, the US-based international banking organization, opened its own branch in Baghdad.

"The purpose of this branch is to provide services that many governmental and non-governmental banking institutions lack in terms of work opportunities and electronic security," said Ali Al-Alaq, governor of the Central Bank of Iraq. Some of the financial and moral pressures suffered by those institutions. " 

He pointed out that "the new branch will hurt in building bridges that help the government and private banking sectors within the project of electronic governance to shorten the time and develop its services by adopting electronic systems in building, which leads to the provision of services characterized by speed, accuracy and safety and the elimination of corruption.

"The new ISACA branch in Baghdad, which carries the number 254 worldwide, will draw up a strategy at short, medium and long levels for Iraqi banking institutions.

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Global Business Technology Association ISACA Welcomes New Chapter in Baghdad

Schaumburg, IL, USA (16 July 2018) – Information technology professionals in Baghdad, Iraq, have formed a new chapter of ISACA, a global professional association serving more than 130,000 members who work in the areas of information technology audit, assurance, governance, risk and cybersecurity. The ISACA Baghdad Chapter has more than 40 members at its start and is among more than 220 ISACA chapters around the globe.

ISACA Baghdad Chapter President Ali Hasan said the Baghdad chapter will build a network of information security professionals who will be leaders of cybersecurity awareness throughout the country.

“The shortage in information security specialists is huge,” said Hasan. “With support from ISACA and the Central Bank of Iraq, we were able to form this chapter to be a major factor to help fill that gap and build a network of information security professionals who will become cybersecurity leaders throughout the country.”

The local business community, government, university students and others will benefit from ISACA’s resources and guidance, said Hasan, including its certifications:

  • Certified Information Systems Auditor (CISA)
  • Certified in Risk and Information Systems Control (CRISC)
  • Certified Information Security Manager (CISM)
  • Certified in the Governance of Enterprise IT (CGEIT)
  • Cybersecurity Nexus Practitioner (CSXP)

The new chapter was formed in part to encourage open exchange of approaches to information systems audit and control, problem solving strategies, and quality assurance, according to Hasan.

“Having an ISACA chapter here provides the opportunity and foundation for strong governance in Iraq,” said Hasan. “Our members will benefit from the educational resources related to their professional fields, and their organizations will benefit from their skills and expertise.”

ISACA offers credentialing, education, guidance for IT security, assurance, risk and governance professionals. The association established its Cybersecurity Nexus (CSX) to address the global cybersecurity skills shortage and to help organizations develop strong cybersecurity workforces in addition to COBIT, a business framework that helps organizations govern and manage their information and technology.

For more information about ISACA, please visit: www.isaca.org. For additional information on the ISACA Baghdad Chapter, visit: www.isaca.org/membership/local-chapter-information/pages/chapteroverview.aspx?chapterid=244.

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